Illinois Eyes 30 Cent Gas Tax Hike, Chicago Eyes Property Tax Hike

In July, the State legislature overrode Governor Rauner’s veto and passed the largest tax hike in history. The hike raised the individual rate to 4.95 percent from 3.75 percent and the corporate rate to 7 percent from 5.25 percent.

With those hikes, households making about $100,000 will pay an additional $1,200 in taxes each year.

But that was not enough. It never will be.

Today, the Illinois Policy Institute CEO John Tillman emailed, “The Illinois General Assembly will be back in session next week. And guess what? They’re already talking about raising your taxes again. This time, they’re discussing increasing gas taxes. Lawmakers haven’t released specific numbers yet, but talks have ranged anywhere from an additional $0.05 to $0.30 a gallon.”

Tax Hikes in Chicago

The Chicago Sun Times reports Chicagoans face another property tax increase in 2020.