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Policymakers must focus on reducing property taxes in 2022

Property taxes are a huge burden on Illinois residents and small businesses. Politicians on both sides of the aisle understand they are oppressive and drive people out of Illinois. Politicians throughout the state, and all levels of government, acknowledge that solutions must be put forth and moved forward to stabilize property taxes.

 

In his Daily Herald Business Ledger column, SBAC President Elliot Richardson details why policymakers should prioritize issues surrounding property taxes in order to keep people in Illinois and improve our economy.

Insights Archive

WGN News Highlights Policy Change for Vacant Storefronts

By emma@sbacil.org | February 27, 2024

Help Us Reduce Vacancies in Local Communities! SBAC INSIGHTS PAGE WGN News Highlights Policy Change for Vacant Storefronts Vacant storefronts litter neighborhood business districts in disinvested communities, causing blight, impacting safety, and depressing economic activity. Because of the negative impact of vacant properties in neighborhoods across the city, a robust coalition of chambers and place-based…

Proposed Updates to Chicago’s Retailer and Food Vendor Rules

By natalia.borowska | February 19, 2024

Visit the BACP website SBAC INSIGHTS PAGE Proposed Updates to Chicago’s Retailer and Food Vendor Rules The Department of Business and Consumer Affairs (BACP) has published proposed updates to the City of Chicago’s Retailer Rules. The Department has also introduced certain rules for food vendors.   BACP is accepting public comments until February 26, 2024,…

The Debate Over The Chicago Real Estate Transfer Tax

By emma@sbacil.org | February 5, 2024

Download pdf here SBAC INSIGHTS PAGE Register for the SBAC Informational Webinar: The Chicago Real Estate Transfer Tax HERE. The Debate Over The Chicago Real Estate Transfer Tax Chicago is a tremendous city with a proud tradition. Our great city, however, faces multiple challenges, including persistent economic headwinds and an increase in homelessness. Economic development…

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