Homeowners

Illinois Proposes Plundering Homeowners to ‘Fix’ Pension Problem

Illinois has the highest property tax in the nation, with an average of 2.67%, and as high as 5% in some areas, yet the Federal Reserve Bank of Chicago proposed an additional 1% rate hike to cover the state's underfunded pension problem. The revenue would help only five state pensions, while 650 county and city pension funds remain to be 'fixed'. [God help property owners in Illinois.] [...]