Cook County Assesssor Issues Letters About Pandemic-Related Property Tax Break, But It Isn’t Good News For Everyone – CBS2 (Chicago)

“There will be some winners and some losers in this,” property tax attorney Gary Smith said. That is because while rates may change, the total number of property tax dollars needed by taxing bodies will not. Some other property owners have to make up the difference. So the losers in this, at least right now, will be local businesses.

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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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