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Tuesday, February 27, 2007

Update on 7% Property Tax Cap

Update on the 7%...

It was passed by a majority in the Senate on Friday, February 23, 2007. It has been sent over to the House...the one that Madigan rules...again an up hill battle.

The Senate (SB13) bill raised the exemption amount from $20,000 to $60,000,gave some financial aide to returning vet's from Iraqi and Afghanistan, and makes a senior exemption automatic instead of having seniors renewing every year (what did they think - they'd get younger?)

TRAC will keep you posted on the progress in the House...and calls to action!

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