Chicago Teachers Union seeks to reduce property tax bill for West Loop headquarters – FOX32 (Chicago)

The Cook County Assessor recently reappraised the value of the CTU’s building, estimating its fair market value at $19 million. However, the CTU is appealing this assessment and has hired a private appraiser who argues that the building's value should be reduced by more than half, to $9.2 million.
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Deb
1 year ago

No. They need to pay their fair share of taxes

Isn’t Illinois Fun?
1 year ago

The cherry on top – CTU hired Eddie Burke’s old firm, since renamed after his departure.

Daskoterzar
1 year ago

Oh now, that is just funny right there…of course…nothing changes.

JackBolly
1 year ago

Furloughs and layoffs of the CTU are needed to pay for it all – keep cutting till it balances.

Daskoterzar
1 year ago

How ironic. We all know 60 to 70% of property taxes go to the school districts. Here, the actual teachers union wants to fight about how much property tax they pay…gosh, where have we all heard that?! Hypocrites.

bingo
1 year ago
Reply to  Daskoterzar

keep sayin’ fire fire fire them!!

Last edited 1 year ago by bingo

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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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