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Illinois House Passes School Funding Overhaul

by Steven Kandelman On Monday, August 28, 2017, the Illinois House passed an education funding plan which will increase state money for all districts and attempt to reduce the differences in educational funding in richer and poorer districts.  The Illinois House passed the legislation 73-34 and Governor Rauner signed the bill.  This funding bill will […]

Illinois’ New Budget does not stop the Governor’s Call for a Property Tax Freeze

By Steven Kandelman July 12, 2017 After two years of not having a budget or 736 days without a budget, the Illinois Senate and House voted to override Governor Rauner’s veto and enact a budget for 2017 on Thursday, July 6, 2017.  The budget plan is expected to generate an estimated $5 billion in new […]

City Of Chicago Sewer Charge Exemption For Seniors

The City of Chicago has initiated a sewer charge for Chicago residences to help offset the deficit in funding for pensions owed to the employees of the City of Chicago.  The sewer charge will be in addition to, and equal to, the water bill that is assessed for each residence. Senior citizens owning their homes […]

Recent Amendments to Tax Incentives

by Steven Kandelman On March 23, 2017, the Cook County Board passed new amendments to the incentive tax ordinances. (Secs. 74-46, 74-62 thru 74-73 of the Cook County Code) The intended recipients of many of the Assessor’s tax incentives are owners and/or tenants who agree to purchase and/or inhabit distressed properties that are undergoing new construction […]

Illinois Supreme Court Vacates Appellate Court Decision to Remove Property Tax Exemption for Hospitals

by Steven Kandelman In an opinion issued on March 23, 2017, the Illinois Supreme Court vacated a 4th District Appellate Court decision to remove the property tax exemption for not-for-profit hospitals in The Carle Foundation, et al. v. Cunningham Township, 2017 IL 120427 (2017).  The case will be remanded back to Circuit Court to determine […]