While it s recommended that municipalities keep at least two months of operating expenses in a reserve account, an analysis of suburban municipal finances shows most are holding onto more than six months worth of annual costs.
(The Center Square) – Gov. J.B. Pritzker claims the state is in great financial shape after the release of five-year budget projections. However, one economic analysis says the state still needs to address a particular problem. .
(The Center Square) – In May, Illinois saw its credit rating from S&P Global Rating increase. But the latest newsletter from the ratings agency shows the state has the worst overall credit in the country.
(The Center Square) – In May, Illinois saw its credit rating from S&P Global Rating increase. But the latest newsletter from the ratings agency shows the state has the worst overall credit in the country. The S&.
Decades-high inflation means local governments can easily raise Illinoisans’ property taxes by 5% during the next year. That makes it an especially bad time to compound the property tax hike with Amendment 1.