Though they’ve mostly been quiet publicly, Arlington Heights and Chicago Bears officials have been working behind the scenes for months to resolve a property tax dispute over the NFL franchise’s 3.
Arlington Heights trustees are poised to approve a record fifth consecutive year of no increase in the village property tax levy, while eliminating vehicle stickers and dog tags at the same time.
Nearly 6,500 local governments in Illinois will share in a $1.3 billion decline in Personal Property Replacement Tax revenue next year, but they ll still see more money than they are accustomed to getting annually.
Thanks to higher than expected revenues, Arlington Heights officials plan to give back a portion of property taxes to residents later this year, while hinting that vehicle stickers and dog tags could be eliminated in future years.