In a futile attempt to stay solvent, the state of Illinois has resorted to a trick I have not seen before, accelerating property tax collections. Until this year, property taxes have been collected in two equal installments. This year it’s 55% in the first half, 45% in the second half. Here is an Email from “Abundance” describing what has happened. Hey Mish It must be getting bad here in Illinois. I opened up my first tax installment and was surprised to see that it was …

Continue reading here:
Cash Strapped Illinois Accelerates Property Tax Collections