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.
Hard pass. The rich mooks will vacate the state faster than they already are if this tripe passes.
These political animals think they operate in a vacuum. There will be NO tax relief for anyone.
There should be Taxpayer Relief, a wholesale cut in spending.
It’s not only wealthy residents fleeing that concerns Illinois voters. It’s knowing that once the Constitution is amended to allow progressive tax rates, it won’t be long before broke Illinois comes for their money. And retirees know they’ll be targeted too. You can’t trust Illinois Democrats. Ever.
Absolutely 100% correct and it’s the middle class that has the money to take (If your still in the middle class with this Socialist regime.
Pat Quinn who says this will offer “property tax relief to millions of Illinoisans who urgently need help,” However this same Pat Quinn, as Governor, gave us an income tax hike promised to provide rainbows and unicorns that just didn’t happen. Anything Quinn backs run from if history is any guide as he is just another Illinois typical politician
File next to “ Hug a Thug “ and “ Midnight Basketball “.
So true. There is no guarantee or even proven math on how this will offer property tax relief. So typical. Politicians don’t want to explain it…they just want to lie to you about what it is…get your vote and then do what they want. They hide behind the “its too complicated for you to understand” point of view, just trust me and here we are.