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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

Congress Must Provide Relief to Local Chambers and Business Organizations

By jamie@sbacil.org | December 4, 2020

Congress Must Provide Relief to Local Chambers and Business Organizations Local chambers of commerce and business organizations provide crucial support to the small business community.  It is imperative that Congress provide them with the support needed so they can make it through these unprecedented times and help local businesses recover from the pandemic.  Over 50…

Home Based Businesses

By mrevis@sbacil.org | December 1, 2020

Jumpstarting Chicago’s Economic Recovery The city of Chicago is facing unprecedented public health and economic challenges resulting from COVID-19. By executive order, by choice, or by necessity, many Chicagoans are starting and operating businesses from home during the pandemic. However, Chicago’s regulations make the home occupation license too complicated and too restrictive for these vitally…

Property Tax Reform

By patti@sbacil.org | December 1, 2020

Citizens Empowerment Act The state of Illinois has the second highest property taxes in the US. Property taxes are a huge burden on Illinois residents and small businesses, and often drive people out of the state. Illinois also has 6,918 local units of government, according to the latest Census Bureau data, which is more than…

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