Property tax relief ‘negligible’ for homeowners in Bears stadium bill that passed Illinois House – Chicago Sun-Times

Renderings of the proposed Bears stadium in Arlington Heights.  An analysis conducted by Gov. JB Pritzker’s office and shared with legislators found that from a hypothetical $20 million payment in lieu of taxes made for a large industrial development, a typical Illinois homeowner would see only $1.29 in relief.
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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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