State tax breaks hurt Chicago’s suburbs
The losers in this process include local commerce. In response to the state action, Cook County decided to do away with a 10 percent tax break for small businesses. As a result, some commercial property owners are seeing their rates go up for two different reasons: the decline in residential tax bills and the cancellation of the business tax incentive program. This “double whammy,” Alsberry says, has already brought some development programs in the south suburbs to a halt…Please click here to read Alan Greenblatt’s story in Governing.