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Summary and audio linked here.
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
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.
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Audio and summary
That’s only the state getting our money in the future. If you can’t pay them now then compounding the problem won’t help. I’d rather get a home equity loan and do what I want with the money now. This is an outright trap.
People need to remember that the amounts demanded by each taxing body on their property tax bill are paid by someone. When tax payers avoid all or a portion of their bill, that portion is passed around to other tax payers.
This is the “Please don’t move to Florida!” bill
IF I MADE THAT KIND OF MONEY I WOULD NOT NEED THE FREEZE…….WHAT’S REALLY GOING ON HERE
Taxes on a 1960’s era split level in northwest suburban Buffalo Grove can approach $10,000 a year or more. A retired household on a fixed income of $70,000 a year, which is higher than the current limit, is certainly going to feel the pain of a $10,000+ a year tax bill.
Not sure I like the way this is worded. If I can defer my real estate taxes up to $7,500 per year that means I will have to pay the taxes later if I sell my home or if I die then my estate will have to pay the taxes plus interest. So is there an interest rate and what is the rate on the deferral amount? Also in Ptell counties the frozen assessment will raise the property tax rate “if” there is appreciation but if values go down you are stuck at the freeze level but only for that… Read more »