Rising Taxes, Plummeting Service – City Journal
“The increased tax burden yields underfunded pensions, not better government service…Chicago recently ranked 141 out of 150 cities for municipal service quality. That’s no surprise: over the past decade, pension spending in Chicago increased 239 percent, while spending for city services increased only 18 percent.”
What will this cost taxpayers? We are aware of no analysis or whether cost was even considered. Whatever. More free stuff is good, right?
Ted Dabrowski joined the Shaun Thompson Show this week to talk about the why pension obligation bonds are bad news for taxpayers, why there are two classes of workers in Illinois and how close Illinois came to being the nation’s fiscal bum before the federal bailouts were doled out.