These absurdly high property taxes force many families to leave the state, or worse, lose their homes altogether.
It’s one thing if high taxes come with great government services. But Illinois schools perform below the national average on standardized testing, and more than a third of every dollar that’s supposed to go to classrooms actually goes to public pensions and debt.
How did we get here?
The answer: Illinois’ pension crisis, which remains underfunded by $219 billion despite state lawmakers continually raising taxes on residents to support the debt. Those pension payments now consume 27 cents of every dollar spent by the state and will continue to grow unless lawmakers take action.
Learn more about Illinois’ property tax problem and find out what steps Illinois can take to fix it by watching the Illinois Policy Institute’s budget and tax expert Adam Schuster break down the issue here.
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