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Category Archives: Property Taxes
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 Chicago Public Schools, Education Funding, General State Aid, Poverty Grant, PTELL 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 Chicago Public Schools, Education Funding, PTELL 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
Education Funding Part I: A Crumbling Foundation
“The State has the primary responsibility for financing the system of public education.” Constitution of Illinois, Article X, Section 1 This post is the first in a series where I’ll discuss what I think needs to be done about education … Continue reading
A Tax Freeze With No Relief
The Illinois House will hold hearings today on a Democrat-sponsored bill to freeze real estate taxes. The bill, (HB 690) is sponsored by Jack Franks (D, Marengo). Without getting too much into the weeds of the bill, the thing to … Continue reading
Posted in Property Taxes Tagged Bruce Rauner, Crony Capitalism, Prevailing Wage, Property Taxes 2 Comments