Illinois ranks among the five worst states to live in when it comes to your money – Forbes

"Like Connecticut, Illinois also has an effective property tax rate of 2.11%. And like New Jersey, Illinois’s funded ratio of public pensions is less than 40%, with just 39% of the value of assets in its pension funded covering the value of its promised lifetime income benefits. Though home prices are cheaper on average compared to other states, its year-over-year home value appreciation is among the lowest rates in the 50 states analyzed in the state."

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

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.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE