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.
Are they going to tax Pritzker’s off shore accounts?
If the Democrats do a trifecta and win House, Senate and White House in ’28, watch for a move to limit people’s ability to flee states like Illinois and California for lower tax areas. That’s one reason it’s so insane for Republicans to end the filibuster.
The Democrats are Already on the record that They would end the Filibuster if they gain control of the US Senate. So, should Republicans wait and see if they’ll follow through with that threat?
I can hear the moving vans warming up.
Illinois elects its dumbest.
Will I get the $1,500 property tax relief on each of my rental properties, or only on the home we reside in? And will any money directed to schools be offset by reduced school spending from other funding sources, like they did in the lottery scam?
And what happens when…lets say the millionaires move ? I would
Welch is just another Madigan stooge, big hero hey Welch
Is this called the “Just shut up and turn it over law?” Good slaves that you are. By the way, how are you defining millionaire?
Great Idea. Please do it. It’s not like the millionaires could move or move their businesses. Why would they when they have all the benefits they are getting from Illinois, especially unlimited homeless encampments in their neighborhoods.
Please don’t forget being composted into
mushroom fertilizer when you die, steak
sauce anyone?
So, “Chris” said there’s an affordability crisis for Illinois residents. If this passes, there will be more of a crisis for the ones remaining. Who’s going to make up the tax revenue loss of all the affluent who leave?
I’m sure the $4.5B annual “windfall” considered all the affluent who will leave Illinois, right? Right?
I also like the $1,500 rebate per property owner to entice the goofs to vote for this.