The state's tax cap limits increases in property taxes to 2 percent or the rise in inflation, whichever is lower. (wamc.org)
Randich said the state tax cap limits the Park District's ability to help Joliet with the project. (articles.chicagotribune.com)
He then warned the Town Board about its deficit spending indicating that if the Town stays with a 2 % tax cap limit for the next four years and does NOT cut its spending, the budget would be in deficit by over $ 6 million each year for the next four years. (rocklandvoice.com)