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Property tax hikes wipe out Pritzker’s tax relief promise

APRIL 5, 2019 | by Bryce Hill | ILLINOIS POLICY INSTITUTE

The governor has proposed using some of the anticipated revenues from his graduated income tax plan to transfer additional state money to local governments through the Local Government Distributive Fund. However, even if all of this money went toward residential property tax relief – an unlikely scenario – these additional funds would not be enough to offset the annual increases in residential property taxes, and it is likely total residential property taxes will increase $200 million to $860 million.

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