-- 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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A number of people who were near their threshold of pain will now have passed it and will move out of IL, as the exodus continues. If IL’s goal is to accelerate the rate of exodus, these types of events will do it. Keep up the good work!
[This post by an imposter using another’s name is deleted and the offender blocked.]
Fake post Mark
Thanks for the heads up. We have blocked him now.
This is because Preckwinkle and Cook county don’t care about the suburbs and think that we only exist to tax to support Chicago. Look at the lack of health care services in southern suburban Cook county.
There are at least three separate problems here: (1) The cost of public “services,” particularly schools, is too high. Wirepoints has provided good information about this. (2) The biggest part of real estate tax is for local (school,municipal, etc) services. So areas with a poor tax base, if they want services comparable to wealthier areas, have to pay high taxes relative to property value. This can be addressed with tax base sharing, as has been done in Minnesota since before most Chicagoans were born. (3) The real estate tax is imposed on improvements as well as land. Exempting all improvements… Read more »
“”It’s a broken system. Broken,” said Cook County Treasurer Maria Pappas.”
HOMEWOOD IS D+51. PARK FOREST IS D+60. THEY VOTED FOR THIS. THEY VOTED FOR THIS OVER, AND OVER AGAIN, EVERY ELECTION FOR DECADES. and they’ll vote Democrat again in November.
You stupid, stupid, stupid Democrats deserve every calamity that life brings you.
So what would you suggest the folks there should have voted for instead?
For starters, they could have voted for someone other than FRITZ KAEGI who assesses their properties. This past election they could have voted fro Kari Steele in the primary or Nico Tsatsoulis the libertarians who got 17% of the vote. Kaegi won Bloom Township 87 to 13%, with the libertarian fewer voters in Bloom than countywide.
Then we can look at the school boards and townships and city halls. It will 100% the same Democrat leadership. ALWAYS VOTE BLUE NO MATTER WHO!