Day: September 26, 2018

Rahm’s final budget shortfall roughly $200 million — more than double forecast – Chicago Sun-Times

September 26, 2018 No Comments

Comment: “Budget documents distributed to aldermen during closed-door briefings this week include several new obligations that will have to be funded during 2019…. The bottom line: a shortfall pegged at $97.9 million in late July is probably more like $200 million.” But that’s using phony budget accounting that the press always falls for. As we’ve documented repeatedly, that accounting ignores growing debt and unfunded pension liabilities.

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How much is your township road district taxing per mile? – Daily Herald

September 26, 2018 No Comments

Leyden Township in the Rosemont area near O’Hare International Airport had the highest per-mile tax cost to property owners in 2017 at $105,609.

With just 16.1 miles under the jurisdiction of the Naperville Township Road District, property owners went from paying $53,716 per mile in taxes in 2016 to $65,608 the following year. That’s a 22.1 percent increase. By 2018, the rate would jump 9.7 percent more to $71,946 per mile, according to the township’s annual audits.

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