Your property taxes pay for government workers’ guaranteed salaries, benefits and pensions while you get no such guarantees – Wirepoints on with Jeff Daly of WZUS Decatur Radio
April 18, 2024
1 Comment
Ted joined Jeff Daly to discuss why Illinois’ property taxes are such a national outlier, why Illinoisans are forced to pay the high, guaranteed salaries, benefits and pensions of the government class, why Illinoisans aren’t getting their money’s worth for what they pay, the teachers unions’ influence over elections, and more.
A set of state lawmakers want to extend CPS’ current school closing moratorium to February 1, 2027 – the same year CPS is set to transition to a fully-elected school board. That means schools like Manley High School, with capacity for more than 1,000 students but enrollment of just 78, can’t be closed for anther three years. The school spends $45,000 per student, but just 2.4% of students read at grade level.
Hopefully, all media will get the message, in Illinois, too.
Ted joined Tom Miller of WJPF to talk about Illinois’ highest-in-the-nation property taxes, why lawmakers don’t want to touch the tax’s cost drivers, just how much Illinoisans’ tax burden has grown over the decades, why Gov. Pritzker failed to meet his promise to reform property taxes, and more.
I am trying to look at this from a different perspective. Instead of using the term underfunded what about using the term “Defunded” Look at how all the ways this is done. Pension management fees probably totaling Billions over the life of all the funds. Unlimited spiking prior to 2010 without penalties then 6% after 2010 with penalties attached. 3% compounding. Expected fund returns of 7.5 to 8% but rarely attained. End of career advancements and salary spikes. Highest wages 4 out of 5 years to determine the pension but all the lower wage years are just calculated for total… Read more »
It’s just a bunch of Wimpys promising Popeye that if Popeye will buy Wimpy a burger today, Wimpy will give Popeye two burgers next week. Over-and-over. With Wimpy having no real means of ever making good on the promise. But as long as the music is playing, as Charles Prince said, “you gotta’ get up and dance.” When the music stops, everyone will get screwed.