News about taxes
Sycamore’s fiscal 2026 budget could be $700,000 more than 2025, the city's top official told the City Council this month. City Manager Michael Hall said the proposal would come without a property tax raise, however.
The factor being assigned is for 2025 taxes, payable in 2026. Last year’s equalization factor also was 1.0000.
District 115 Superintendent Matt Zediker gave a presentation on the district’s progress. “Today is about strengthening the connection that our district has with our community and our business community,” he said.
The Johnsburg Village Board on Tuesday decided to hold off on a vote to increase its sales tax, eyeing potential special tax district
President Donald Trump said Thursday that he will put import taxes of 100% on pharmaceutical drugs, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture and 25% on heavy trucks starting on Oct. 1
The Kankakee County treasurer's office has set deadline for bids on properties with delinquent real estate taxes.
With low commodity prices, high input costs, weather, taxes, personnel and other concerns, farmers and ranchers face a myriad of stresses in their lives – and free resources are available to help get through those tough times.
For the fifth year, the Bradley Village Board will rebate its portion of property taxes to owners.
Coloma Township officials also are looking into buying a new building and moving township operations.
Oswego will implement its own grocery tax in light of the state’s 1% grocery tax expiring on Jan. 1 of next year.
Following suit of numerous municipalities across Illinois, the Momence City Council recently approved the 1% grocery tax.
The event will take place noon to 2 p.m. Sept. 30 at Silver Cross Hospital Conference Center, 1890 Silver Cross Blvd., in New Lenox.
Lake in the Hills has raised its local cannabis dispensary tax from 2% to 3%, the most allowed under state law.
The city of St. Charles could impose new regulations and fees for AirBnbs, Vrbos and other short-term rentals that are currently unregulated within city limits.
Following the merger of the Amboy and Harmon fire districts in 2024, a duo of officials think the three-member board should be expanded by two members to allow for representation of Harmon residents.
McHenry County property owners have until Wednesday to get their property tax bill paid.
Ogle County Collector Tiffany O’Brien wants to remind property owners that the second installment of their property tax bill is due Friday, Sept. 12.
The village received $967,000 in grocery tax revenue in 2024 and is expected to receive at least $1 million in grocery tax revenue in 2025.
Crystal Lake will enact a 1% grocery tax as the statewide tax ends at the start of next year, but will keep its home rule sales tax steady at 1.25% despite previous promises of lowering it.
Fox River Grove will add a 1% sales tax starting next year, with officials planning to reduce other taxes and fees for residents to offset the new tax.
The government has argued that if the tariffs are struck down, it might have to refund some of the import taxes that it’s collected, delivering a financial blow to the U.S. Treasury
The Manteno Village Board voted to keep the 1% grocery tax in place.
The second installment of La Salle County real estate taxes is due Tuesday, Sept. 9.
Trump has promised Americans he’ll lower their drug costs. But imposing stiff pharmaceutical tariffs risks the opposite and could disrupt complex supply chains, drive cheap foreign-made generic drugs out of the U.S. market and create shortages
Economists worry that if Trump gets what he wants — a loyal Fed that sharply cuts short-term interest rates — the result would likely be higher inflation and, over time, higher borrowing costs for things like mortgages, car loans and business loans
As the deadline nears for the adoption of the municipal 1% grocery tax, the Bradley Village Board approved the measure.
After a start and stop, the Bradley trustees unanimously approved an amusement tax.
The U.S. Court of Appeals for the Federal Circuit ruled Friday that Trump went too far when he declared national emergencies to justify imposing sweeping import taxes on almost every country on earth
Opinion from Rich Miller: What the Chicago Teachers Union really wants is an immense expansion of the state tax base
The McHenry City Council joined communities around the state who have voted to continued a 1% grocery tax, with one dissenting vote.
Hearing the projected $100 million in utility taxes at full build-out for the 1,037 acre Project Cardinal data center in Yorkville is drastically over-calculated, has neighboring residents saying the noise pollution is not worth it.
The Village of Montgomery has been awarded for their fiscal year 2026 budget, recognizing the village’s commitment to transparency, communication with its residents and financial planning.
Cary officials approved to bring in both a non-home rule general sales tax and to continue a 1% grocery tax for next year.
Federal funding is down, County Executive Jennifer Bertino-Tarrant said as she reported on county initiatives and a proposed budget.
The City of Lockport became the latest city to approve a local grocery tax replacing a 1% state tax which will expire at the end of the year.
It looks like Yorkville is willing to bite the $700,000 bullet with their new 1.5 million-gallon standpipe water tower on the south side of town. The city fears possibly delaying the more than $100 million Lake Michigan water sourcing project if a new site was chosen.
Coloma Township was refunded nearly $8,000 in property taxes paid by the board's previous supervisor on the former US Bank building that the township purchased in 2023.
A 5-4 vote by the Joliet City Council will keep in place 1% tax now imposed by state.
The City of Lockport is set to vote Wednesday on retaining a 1% grocery tax previously cancelled by the state.
The City Council will vote Tuesday on 1% local grocery tax to replace the state tax that ends Jan. 1.
Thursday, the Utica Village Board voted 5-0 (Trustee John Schweickert was absent) to re-implement a 1% grocery sales tax rate on items purchased at village establishments.
To potentially generate more than $1 million extra annually for the city, Yorkville is holding a special census to document the community’s population growth. Helping out with the survey can put some extra money directly into your pockets as well.
State Sen. Don DeWitte, R-St. Charles, is partnering with the state treasurer’s office to connect residents of the 33rd District with more than $5 billion in unclaimed property and cash, officials announced.
The McHenry County Board could raise the salaries of elected officials – including for its own members – in the coming months.
The Illinois State Board of Education’s announcement of a $15.85 billion education budget for fiscal 2026 has drawn cautious optimism from Sterling Public Schools as the district awaits final details of its allocation under the state’s evidence-based funding (EBF) formula.
President Donald Trump began imposing higher import taxes on dozens of countries Thursday just as the economic fallout of his monthslong tariff threats has begun to cause visible damage to the U.S. economy
The second installment of the Kane County property tax bills are due on Sept. 2.
The first hurdle was crossed for a nearly $10-million bond sale in Kankakee on Monday.
A Fox River Grove trustee had harsh words for Illinois Gov. JB Pritzker as the Village Board voted to add back a 1% grocery tax that the state took away.
The new center, housed at the Whiteside County Sheriff’s Office in Morrison, began operations July 7, 2025.