A new Senate bill amendment backed by the Cook County treasurer's office and the Chicago Community Trust seeks to reform Illinois' property tax sale system.Backers such as state Rep. Kam Buckner, a Chicago Democrat, say the bill would cut the cost for homeowners trying to pay off property tax debt in half, close a loophole that critics said allowed private investors and hedge funds to profit off local governments and help get vacant or abandoned properties back on the tax rolls.
#people #back #communities #legislation #representatives #availability #neighborhoods #transaction #small-number #wall-street
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