Pritzker signs tax law deeming some of Chicago’s most valuable property ‘blighted’ – Illinois Policy

The Near North tax increment financing district so far captured $331 million in property tax increases from other taxing districts, mainly Chicago Public Schools, and put the money towards economic development of the district.
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Governor of Alderaan
5 years ago

Let me guess- the buildings have no toilets

Bill
5 years ago

Are you suggesting that J. Beluga is full of S***?

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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