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Week In Review: April 7-11

Posted April 12, 2014 11:22 AM

Illinois Taxes

  • Key Democrat Tax Hike Proposals Stall in General Assembly.  With time running out for constitutional amendments aimed at changing Illinois income tax laws, two major Democrat-sponsored tax hike proposals failed to advance in Springfield this week.

SJRCA 40 (Harmon), the so-called “fair tax” constitutional amendment, would abolish the Illinois individual income flat tax (current rate: 5.0 percent) and replace it with a graduated rate with higher taxes for most middle-class and upper-middle-class taxpayers and families.

HJRCA 51 (Madigan) would impose an additional 3.0 percent surtax upon upper income earners and small businesses.  The surtax and individual income liability level s would be inscribed into the Constitution and would not be adjustable by statute.


House Approves Plainfield Park District Reform

Posted April 09, 2014 9:46 AM

SPRINGFIELD – The Illinois House has overwhelmingly approved legislation sponsored by State Rep. Tom Cross (R-Oswego) to increase accountability on the Plainfield Park District Board moving forward, in response to widespread public concerns following a series of controversial actions taken by the current Plainfield Park District Board majority over the past year.

House Bill 5593, co-sponsored by State Rep. Natalie Manley (D-Joliet) and supported by State Sen. Jennifer Bertino-Tarrant (D-Plainfield), would add two new members to the park district board, increasing it from five to seven members. Rep. Cross and Sen. Bertino-Tarrant would each appoint one of the two new members within six months of the bill becoming law, with those positions to be filled by the voters next year in the April 2015 consolidated election for a two-year term.


Township Property Tax Freeze Passes House

Posted April 07, 2014 1:53 PM

SPRINGFIELD – The Illinois House of Representatives has voted to approve a measure that would place a one-year freeze on township property tax assessments; a first step in addressing a major concern of suburban homeowners amidst rising property taxes and stagnant or declining home values, announced Rep. Tom Cross (R-Oswego), a co-sponsor of the legislation.

The legislation, House Bill 5311, would place a one-year freeze on township property tax levies, giving homeowners a much needed break from ever-rising property taxes  in spite of falling home values. If enacted, the measure would apply to the current 2014 levy year, meaning homeowners would see no increase in next year’s property tax bill.

“Property tax relief is a critical concern for local families who work hard to achieve and maintain the dream of homeownership,” Cross said. “For the first time in recent memory, we’ve been able to advance a plan to deliver real property tax relief by bringing Democrats and Republicans together behind a common-sense idea that’s both practical and results-oriented.”


Cross E-News