Freeport does have one big disadvantage when it comes to economic growth. It is located in Illinois! Illinois is known as anti-business state and high tax state (they go together). Although it may not be totally justified, that is the perception. To make matters worse, the reckless spending and high taxes at a state level must be contagious. Look at the Freeport School District! A tax rate of 6.5% in 2012 and for 2013 it is 7%, and this District had enough nerve to want 1% sales tax increase. While many states such as Texas have no state income taxes, Illinois raised its tax 67% a few years ago. It was supposed to be a temporary increase – what a joke. Taking the revenue away from the bureaucrats in Illinois is like taking sugar away from rats. Once the rat gets used to the sugar, it will do anything to get more. Same for the politicians in Springfield. Illinois, instead of looking for ways to cut spending, looks instead for new sources of revenue which is another way of saying more tax increases are coming!
Real Estate Tax Bills Are Out – Freeport Rate Pushing 12%!
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