Springfield, IL (CAPITOL CITY NOW) – Property taxes are rising for many Illinoisans. Former Gov. Pat Quinn (pictured) says his bill is up 41 percent.

His latest idea is one which he says would save $4.5 billion for most Illinois property owners, and he would raise that money on the backs of those who make more than $1 million. This would be an extra three percent tax after you’ve earned your first million, via a Constitutional amendment which the legislature must approve for November 2026.

“We need three-fifths of each house to vote it onto the ballot by May 3, and then we’ll have a referendum (campaign) for six months,” Quinn told a statehouse news conference Wednesday.

“I was in a tough referendum in 1980 for the Cutback Amendment. The other side had far more money than we did. We were called a ragtag band of volunteers. But we won, 2-to-1. And we beat big money, and we’ll do it again.”