State Tax Workarounds Could Mean $154 Billion Lost to Treasury – Bloomberg
Including $16.8 billion from Illinois.
Including $16.8 billion from Illinois.
http://abc7chicago.com/politics/illinois-ag-candidates-forum-descends-into-shouting-match/2985041/
A members-only union, which would be a union of workers willingly paying union dues, would allow unions to spend that money on politics, Kovacs said.
The numbers are jarring, but what’s also alarming, says the report, is that the city continues to hide debts from its balance sheet giving the public a false impression about the city’s health.
Influential Ald. Ed Burke has sidelined an effort to increase the property taxes paid by the owners of two buildings his law firm represents
Comment: 3%. Lowest on record. Made all the more impressive by the fact that Wisconsin is sucking up some of Illinois’ unemployed escapees.

Comment: It was a shallow waste of time. Horrible job by NBC Chicago and the candidates.
“My concerns are now heightened after we’ve learned that Obama’s library will not be an official governmental “presidential library” at all. Instead, it will be a private ‘presidential center,’ and will not house the textual documents, artifacts and audio-visual materials…. Taxpayers now will have to bear the cost of having the federal government’s National Archives and Records Administration organize, store and make these materials available elsewhere.”
“What Chicago will be left with is a mini-Disneyland/Obamaland structure — built on free land given to the Obamas for, essentially, a multimillion-dollar, ego-driven project not unlike film director George Lucas’ proposed museum —
Illinois has a tradition of politicians resigning and having their successors chosen by the state parties without the bother of an election. Then the successors have time to fully exploit the advantages of incumbency before they have to face the voters in a real contest.
Comment: In other words, the body parts being sold off are fetching a lower price. This bond issue is actually a sale of ownership of future revenue.
Including 7 in Illinois.

State Rep. Robert Martwick wants the state – meaning taxpayers – to borrow a massive $107 billion so that those proceeds can fund the state’s pension plans.

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