Property Tax Breaks and Incentives for Some Leave Others Paying More
The pressures facing taxing authorities in Chicago and in Cook County are unlikely to change any time soon. But paying all the taxes needed to close the budget gaps and meet all of those pension obligations is a constantly shifting process. A tax break in one place means some other place will be expected to make up the difference.
That’s the zero-sum nature of tax collection in an environment where budget cutting isn’t a practical or political option.
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