-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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So she only owes 3 years back taxes plus penalties or about 1400 plus penalties. If that’s the punishment, I’m surprised more people that own second homes in Indiana don’t claim the same deduction. Get away with it for 20 years and when you get caught, just pay the fraudulent tax savings from the last 3 years plus a small penalty and pocket the 17 years of savings.
You can steal for years and get away with it. Indiana needs to get serious about crime.
Sure seems like property taxes in IN are pretty low compared to IL. Where in IL would property taxes be that low with only a $1500 homeowner exemption?
Does anyone know the total value of the home? Deductions are calculated differently in Indiana. Most homes are 1% of total value.