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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

BLOCK CITY CHICAGO REPORTS on Commercial Corridor Revitalization

By growthzone | October 4, 2021

BLOCK CITY CHICAGO REPORTS HYDE PARK, WOODLAWN, SOUTH SHORE Some Landlords Keep Their Storefronts Empty For Years – And Get Tax Breaks For It. Business Leaders Want To Change That Small business advocates want to limit the tax breaks property owners can get on vacant storefronts. On 79th Street, three in five storefronts were vacant…

Funding For Local Chambers of Commerce

By growthzone | September 14, 2021

HB4993 -> 1 Pager & Endorsements Chamber Relief Grant Program Local chambers of commerce provide important support and services to small businesses.  They connect small businesses to potential customers and play a pivotal role in fostering commerce in local communities.  However, many chambers have been devastated by the pandemic.  For that reason, we are asking…

Occupational Licensing Reform

By growthzone | September 14, 2021

Occupational Licensing Reform Occupational licenses are often necessary to protect the safety, health, and welfare of the public. However, when these licenses are revisited by legislators, it is important they have accurate and unbiased information before determining whether and how to maintain such a license. Regulatory Sunset Review – HB5576 This legislation amends the Regulatory…

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