Taxes make Chicago real estate hard to sell
By Jackson Elliott Medill Reports Chicago’s high real estate prices and the lack of buyers might indicate a housing market bubble, one real estate agent said. Anthony Zammit, a 17-year industry veteran and the CEO of Lofty Real Estate, said that the slow market might be a sign of over-inflated real estate prices, especially given […]
Transportation group president says Rebuild Illinois Act is ‘long overdue’
By Jackson Elliott Medill Reports This year, Illinois will kick off road repairs, funded by the Rebuild Illinois Act, which Gov. J.B. Pritzker signed in 2018 to improve the state’s infrastructure. The act proposes $23 billion in spending on road repairs alone. The total budget of $41 billion will be partly funded by taxes on […]
Pritzker condemns corruption, celebrates economic gains
By Jackson Elliott Medill Reports Protecting corruption in Illinois government is “no longer acceptable,” Governor J.B. Pritzker said in his 2020 State of the State address to the Illinois legislature last Wednesday. His remarks followed the guilty plea of former State Sen. Martin Sandoval (D-Chicago) on Tuesday for corruption charges. Lawmakers responded to his statement […]
High Illinois taxes drive out business
By Jackson Elliott Medill Reports Scott Schnurr wanted to buy a fully equipped 30,100 square-foot building in the Chicago suburb of Naperville, but high property taxes convinced him to look for real estate elsewhere. The building had stood empty for two years. If not for the taxes, it could have housed a hundred jobs for […]
