Category Archives: Property Taxes

Providing Some Breathing Room to Seniors

As we search for ways to lower property taxes for everyone, there’s a simple remedy to allow those who live on fixed retirement incomes to gain some relief. If you take a look at your Illinois income tax return, you’ll … Continue reading

Posted in Property Taxes | Tagged , , , | Leave a comment

Education Part V: Property Taxes, the Well Has Gone Dry

“The State has the primary responsibility for financing the system of public education.” Constitution of Illinois, Article X, Section 1 Question: Why do property taxes keep going up? Answer: Because they can. Over the past several posts, I’ve discussed the … Continue reading

Posted in Education, Property Taxes | Tagged , , , | 2 Comments

Education Part IV: Poverty Grant and PTELL Subsidy, Why Do They Matter?

“The State has the primary responsibility for financing the system of public education.” Constitution of Illinois, Article X, Section 1 Until the turn of this century, the Foundation Level Grant was the primary component of state education support, and was … Continue reading

Posted in Education, Property Taxes | Tagged , , , , | Leave a comment

Education Part III: PTELL Giveth and PTELL Taketh Away

“The State has the primary responsibility for financing the system of public education.” Constitution of Illinois, Article X, Section 1 THE GIVETH PART: The Property Tax Extension Limitation Law (PTELL) is designed to limit the increases in property tax extensions … Continue reading

Posted in Education, Property Taxes | Tagged , , | Leave a comment

Education Funding, Part II: The Big Sucking Sound from the Shores of Lake Michigan

“The State has the primary responsibility for financing the system of public education.” Constitution of Illinois, Article X, Section 1 We now move on to the second funding stream in General State Aid, the Supplemental Low‐Income (Poverty) Grant. Don’t worry, … Continue reading

Posted in Education, Property Taxes | Tagged , , , | 2 Comments