Gov. Pat Quinn’s budget proposal includes a property tax refund. Homeowners would get a $500 rebate every year, according to Quinn. He says the idea is similar to one once proposed by former Republican Gov. Jim Edgar, who called for moving away from using property taxes to fund schools. “Now Gov. Jim Edgar and I, we don’t always agree,” Quinn said during his budget address on Wednesday.
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“But he was right in 1997 when he advocated a plan to use the income tax to invest more in education while cutting property taxes for the middle class.” The refund may be designed to soften the blow from Quinn’s call to make the temporary income tax increase permanent. Quinn says without the revenue from that hike, local property taxes would have to be raised to support schools.
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