The state’s goal of offering commercial Property Assessed Clean Energy program financing as an affordable alternative for energy efficiency, renewable energy, water conservation, resiliency improvements and other green projects initially fell short, spurring additional legislative changes.
The bonds are repaid with local real estate taxes and assessment payments agreed to the property owner and amortized over the useful life of the project that ranges from five to 30 years.
While this new advisory referendum could be nothing more than a political distraction, it could also be that lawmakers are gauging Illinoisans’ appetite for another bite at a progressive income tax hike – this time with lower property taxes as a sweetener.
At $1.5 million per job, the new incentive package from the state is at least 15 times the norm. For this much money, the state could have just handed out a million bucks to 827 people, instead of creating 550 jobs.
Ted joined Jeff Daly to discuss the university student protests erupting across the nation on the Israel/Palestine conflict, why it’s so dangerous for society if the media abandons facts in favor of narratives, why that allows government to spin away the problems like crime and financial crises, why it causes the voting public to become apathetic, and more.
When you hear the complaints from Illinois politicians, remember the hypocrisy: 40,000 bused to Chicago, but 161,562 allowed to fly directly to Florida.