TAX CAPS AT 0.1%?

The December 2008 Consumer Price Index is out.  If there are no changes to the law, Illinois Department of Revenue should be announcing 0.1% as the tax cap for 2009 taxes (those paid in 2010).  If local government and schools are having a difficult time meeting rising costs just wait to they need to budget for FY 2010, when real estate taxes are capped at nearly zero and property assessments maybe falling.

I thank Cal Skinner and his blog:  www.mchenrycountyblog.com for the graphics.