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Thompson Seeks End to State Tax Multiplier Reform Plan On Local Taxing
Gov James R Thompson unveiled a plan to scrap the state tax multiplier for local schools and governments, shifting tax burden to local assessors and potentially lowering rates if assessments are not kept up. Officials warn the move could devastate local taxing bodies while supporters call it honest reform. The proposal, to take effect in 1983 for 1984 bills, faces election year controversy as counties with high multipliers could see large revenue drops unless reassessed.
MENTIONED IN THIS ARTICLE
Kathy Best
Southern Illinoisan
Springfield
James R. Thompson
Thompson
Illinois
J. Thomas Johnson
State Department of Revenue
Douglas Whitley
Taxpayers Federation of Illinois
Williamson