Gov. J.B. Pritzker promised to address property taxes, but some Cook County homeowners just received their highest bills in more than 30 years.
Gov. J.B. Pritzker in his 2020 State of the State address declared, “Property taxes in Illinois are simply too high. That’s why it’s time to put the best ideas to work from both sides of the aisle.” Pritzker’s words ring hollow. Four years later, Illinois has one of the highest property tax rates in America, and some Cook County homeowners just received the highest property tax bills in more than 30 years.
Staggering tax hikes coupled with inflationary food, gas and energy costs will likely cause rents to go up, homeowners to lose their homes and businesses to close. In 2022, more than 55,000 properties were added to Cook County’s annual tax sale. Nearly half of the homes were owned by people who owed less than $1,000, according to Cook County Treasurer Maria Pappas. Pritzker and the General Assembly have committed hundreds of millions in taxpayer funding to care for migrants’ food and housing.
Ken Griffin, CEO of Citadel and a former Illinoisan, took his company to Florida. Griffin’s departure will hurt state tax collections. Boeing, Caterpillar and other companies have left Illinois for business-friendly states. It is common sense to know that migrants cannot make up for the population losses in Illinois. Our citizens deserve leaders who will implement policies that attract companies and the best citizens to our state.
Pritzker and Democrats should consolidate duplicative units of government and remove state incentives that cause local governments to raise levies.
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