Amid housing crisis, task force could look to expand community land trusts in Illinois – WAND (Decatur)

"We strive to help our local entry-level Rivian and Ferrero assembly-line workers, school teachers, and first-responders with limited income to have a fighting chance to become homeowners," said Mark Adams with the Bloomington-Normal Community Land Trust. "We really need ongoing grants for capital and operation funds from the State of Illinois to enhance our impact."
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David F
11 months ago

Perhaps the state should work on cutting taxes so it’s affordable.

PPF
11 months ago
Reply to  David F

Lowering property taxes would result in an increase in price of the underlying asset. The affordability would remain the same to the new purchaser and the existing home owner would reap the gain while the local community would have less revenue. Homeowner wins, prospective buyer stays the same, and the local community loses money.

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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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