News

“Refund” Would Be an “Increase” for Some

“Refund” Would Be an “Increase” for Some

The governor’s property tax refund would replace an existing tax credit—which means some homeowners would be paying a bit more.

The $500 refund Quinn called for in his budget address would get rid of the 5 percent property tax credit. Most homeowners receive less than $500 from that credit, but for those who pay more than $10,000 per year in property taxes, they would get a smaller refund under Quinn’s plan, but he says it still reduces the overall burden.

“We’re 20 percent above the national average when it comes to property taxes,” Quinn said. “One of the very best ways to reduce that burden on homeowners is to follow our budget.”

Quinn says only 8 percent of homeowners would be paying more under the refund plan, and since the current rebate is capped at $750, the biggest increase anyone could pay is $250.

 

Recent Headlines

in Election 2014, Local

African-American Pastors Endorse Rauner

Illinois Republican gubernatorial candidate businessman Bruce Rauner participates in a Republican gubernatorial candidate debate Tuesday, Feb. 18, 2014, in Springfield, Ill. The four Republican gubernatorial candidates said that they’ll be willing to work with unions if elected but differed on how to approach the relationship during a downstate debate that largely focused on pension reform, taxes and just briefly on personal issues that have dogged some of the candidates.

More than a dozen pastors of predominantly African-American congregations are endorsing the Republican candidate for governor.

in Local

Ameren Threatens $20 Monthly Fee for No Smart Meters

Ameren+Illinois+Utilities+logo

Ameren Illinois says customers who refuse to have an electricity meter installed will see an additional $20 monthly fee on their bills.

in Local

Pizza Delivery Driver Robbed on East Side

gun

A pizza delivery driver was uninjured when he was robbed by three assailants over the weekend.

in Local

Man Charged in Connection With Pipe Bomb; Armed Bank Robbery

BRADFORD MOSS

Bradford Moss is charged with Possession of Explosives or an Incendiary Device and Attempt Theft.

in Local

Illinois Is Not Gaining Ground on Poverty

poverty

Census says numbers are stagnant