To: The Illinois State House, The Illinois State Senate, and Governor J.B. Pritzker
Role back IL real estate taxes
Cook County has increased property taxes to fund their legacy pensions, pricing people out of their homes and making Chicago unaffordable for current and future residents. Cook County needs to adopt California’s Prop 13 and roll back property taxes to historic values and keep them fixed based on purchase price of the property. Let them find other funding sources to keep the pensions afloat.
Why is this important?
We recently moved here from CA and were shocked by the real estate taxes. While Chicago is supposed to be “cheaper” than California, the property taxes are insane and driving people out of there homes, out of the state, and preventing businesses (I.e. Amazon) from relocating here. Our government needs to find new ways of raising funds without punishing the residents or find ways of refinancing the pension burden which is killing this city’s economic viability.