a House committee Tuesday endorsed creation of a Property Tax Relief Fund that would be used to pay rebates from the state to anyone claiming a homestead exemption. The rebate would show up as a line item on the tax bills sent out by county treasurers.

Sounds great, right?

Except they didn’t identify any source of revenue to pay for the rebates, specify the amount of the rebates or what the total cost to the state would be. In other words, they did nothing.

But now word on any funding for the property tax relief fund or where that money might come from.

In a statement released today, CTU president Sharkey did everything but yell “whoopie” about the prospect of all those billions and billions of dollars in new revenues running into the state treasury—and to CTU members.

“It is only through taxing those who have received every benefit of the current economic recovery—and therefore can afford to pay more—that we fund the services that everyone else depends upon,” Sharkey declared. “Revenue from the new tax must go to immediate needs for the vast majority of Illinoisans: lower class sizes; librarians and enough school clinicians for