Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
No one should lose their home to excessive taxation. On the tax bill partial payments will not be accepted and returned. Credit cards- IRS-auto loans- medical bills and so on can be paid partially with a phone call letting them know that you are having some hardship and they will work with you but not on property taxes . The cost for government services are out of control. Look into Bell,Ca corruption!