Progressive tax could cost nearly $1,800 a year in home equity – Illinois Policy

Less housing wealth will be a concern even if state lawmakers could be trusted not to abuse their new taxing powers to spread tax hikes to the middle class or retirees, as Connecticut also did.

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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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