Both the median price and the number of homes sold locally will fall in 2019, according to the forecast released today by Realtor.com.
Comment: This is all over the national media now. You know it’s bad for a Democrat when even the Washington Post can’t ignore it.
Comment: Rest assured, he’ll be baaaaaack.
Comment: Well, at least give him credit for getting specific on controversial issues — close more schools, maybe a constitutional amendment of the pension protection clause, and maybe the commuter tax.
The mayoral hopeful also opens the door to closing more schools, imposing a commuter tax and amending the state constitution to cut pensions in a speech focused on spreading prosperity to the entire city.
Blah, blah, blah.
Comment: Whoa! The Sun-Times editorializing against “government big-footing at its worst” and excessive feels. All hail liberty’s new champion.
Ted was on WTAD earlier this week discussing Pritzker’s upcoming negotiations with AFSCME over their stalled contract. With Rauner on his way out, the union will likely push for even more generous benefits.
The small Illinois village of Norridge just announced a municipal tax hike of 35 percent so it can make its required police pension payment. For residents, it’s another hit to their home values. Norridge’s pension problem is unfortunately the norm in Illinois. 335 of Illinois’ 650 public safety funds are less funded than Norridge’s police fund.
To cover the $6 million shortfall, council members have approved approximately $3 million in cuts to fire and police, cutting $1 million out of the city’s capital budget, increasing a package liquor tax that’s expected to raise $700,000 and increasing emergency charges set by the fire department, a move that’s expected to provide about $200,000.

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