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New Paradigm for Illinois Tax Districts
The rate of inflation has been announced for the year 2008. The chart to the right tells the tale. (Click to enlarge.) The Consumer Price Index increased only 0.1%. That’s not 1%. That’s 1/10 of of 1%....
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Lowest Inflation Since 1954
So, what’s that mean? I wrote a rather expansive article about what it means to schools and local governments on Friday. You might be interested to read some of the implications in New Paradigm for...
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Lowest Inflation Since 1954
So, what’s that mean? I wrote a rather expansive article about what it means to schools and local governments on Friday. You might be interested to read some of the implications in New Paradigm for...
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MCC Tuition Going Up $2 per Credit Hour, in Proportion to CPI Increase
The board packet of McHenry County College is posted on its web site, just as I wish every government’s were. (Special hint to the Crystal Lake City Council.) In it is a recommendation that tuition be...
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Gnashing of Teeth May Emanate from Local Tax Districts
Yesterday, the Chicago Sun-Times ran an article estimating that the increase in the Consumer Price Index may be a mere 1.5% this year. Estimates are that inflation for the time period used for Social...
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2-Year Tax Freeze “Killer” for Schools
Capitol Fax is reporting a school superintendent complains that a two-year real estate tax freeze for be a “killer” for schools: “[Bruce] Rauner wants legislatures to freeze property taxes for 2...
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Taxing to the Max Won’t Get Tax Districts Much Next Year
One more month to go in 2015 and it doesn’t look as if the cost of living will have gone up even one percent. Tax districts, such as schools, are limited to taking no more total dollars than the...
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Government Budgets Can’t Increase More than 8/10 of 1% Next Year
The Illinois Revenue Department has released the Consumer Price Index number for 2015. It will determine how much budgets of non-Home Rule units like schools can increase their budgets next year. The...
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Tax Cap Inflation Rate for 2017 Taxes Set at 7/10 of 1%
Earlier this month, the Illinois Department of Revenue showed in inflation increase was 8/10 of 1% for 2015. That indicated that non-Home Rule tax districts (schools being the most expensive) could not...
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Tax Districts Can Grab 2.1% in 2018
The Consumer Price Index has been calculated by the U.S. Bureau of Labor Statistics and (drum roll), it’s 2.1%. The Consumer Price Index since the Property Tax Cap was enacted. As you can see above,...
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Comparing McHenry County Property Tax 2002 Versus 2016-Part 1
CPI Increase Totals 33% – McHenry County Property Taxes Increased Over 75% A friend of McHenry County Blog compiled the information explaining McHenry County Taxes in correlation to the Consumer Price...
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Comparing Library and Park District Tax 2002 Versus 2016-Part 2
Majority of Library and Park District Increases Higher Than CPI A friend of McHenry County Blog compiled the information explaining McHenry County Taxes in correlation to the Consumer Price Index....
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Comparing Fire District Tax 2002 Versus 2016-Part 3
Fire District Property Taxes Increased Over 96% A friend of McHenry County Blog compiled the information explaining McHenry County Taxes in correlation to the Consumer Price Index. Today McHenry County...
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Comparing School District Property Taxes 2002 Through 2016-Part 4
63.98% Average Increase for School Districts Today McHenry County Blog is revealing numbers for School Districts In summary from 2002 to 2016: The Consumer Price Index (CPI) has increased by 33.8%....
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Comparing Township Property Taxes 2002 Versus 2016-Part 5
Townships Average 37.20% Increase in Tax Levy Today McHenry County Blog is revealing numbers for Townships. In summary from 2002 to 2016: The Consumer Price Index (CPI) has increased by 33.8%. County...
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Comparing Township Road District Property Taxes 2002 Versus 2016-Part 6
48.37% Average Increase in Road & Bridge Funds Today McHenry County Blog is revealing numbers for Township Road Districts. In summary from 2002 to 2016: The Consumer Price Index (CPI) has increased...
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Fire Protection Districts Are McHenry County’s Tax Increase Leaders
McHenry County Levy Increases Outpace Municipalities In a previous McHenry County Blog articles Comparing McHenry County Property Tax 2002 Versus 2016 it was discovered that while the Consumer Price...
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Government Budgets Can’t Increase More than 8/10 of 1% Next Year
The Illinois Revenue Department has released the Consumer Price Index number for 2015. It will determine how much budgets of non-Home Rule units like schools can increase their budgets next year. The...
View ArticleClik here to view.
Tax Cap Inflation Rate for 2017 Taxes Set at 7/10 of 1%
Earlier this month, the Illinois Department of Revenue showed in inflation increase was 8/10 of 1% for 2015. That indicated that non-Home Rule tax districts (schools being the most expensive) could not...
View ArticleClik here to view.
Tax Districts Can Grab 2.1% in 2018
The Consumer Price Index has been calculated by the U.S. Bureau of Labor Statistics and (drum roll), it’s 2.1%. The Consumer Price Index since the Property Tax Cap was enacted. As you can see above,...
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