PropertyTax

Chicago Unveils 2025 Budget: No Property Tax Increase in Sight

6 days ago

In a significant move for residents of Chicago, city officials have officially approved the budget for 2025, emphasizing a commitment to financial stability without imposing any additional burdens on taxpayers. The decision marks a pivotal point in the city's fiscal management, showcasing a strategic approach to budget formulation amid ongoing economic challenges.

Chicago Cancels Property Tax Increase Amid Extended Olympic Loan Payment

7 days ago

In a significant turn of events, the city of Chicago has decided to forgo an impending property tax hike. This decision comes as the local government shifts its fiscal strategy following the announcement that the repayment on loans tied to the city’s Olympic bid is to be extended. The move aims to alleviate the financial burden on residents while providing a more feasible long-term fiscal plan for the city.

ABRDN Proposes Compromise on UK Stamp Duty Ahead of Budget Announcement

2 months ago

In a noteworthy development leading up to the upcoming UK budget announcement, ABRDN, a prominent investment firm, has proposed a potential compromise on the contentious issue of stamp duty. This proposal comes amid ongoing discussions about how to alleviate housing affordability challenges while generating necessary revenue for the government.