It shouldn’t have taken a PhD in economics to notice this – Wirepoints Quickpoint
May 17, 2024
59 Comments
What a representation of Chicago’s plight.
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Twelve Illinois Congressmen vote against bill to give federal custody to non-citizen defendants charged or convicted with assaulting cops – Wirepoints Quickpoint
May 17, 2024
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The bill passed despite their votes in response to certain incidents where local prosecutors are thought to have been too lenient with non-citizens assaulting cops.
The Chicago Teachers Union Plays Hooky – Wirepoints in the Wall Street Journal*
May 17, 2024
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The Wall Street Journal Editorial Board cited Wirepoints’ analysis of Chicago student proficiency data in their latest piece condemning the Chicago Teachers Union’s outrageous contract demands…all while a vast majority of Chicago’s children graduate unable to read at grade level.
Gov. Pritzker is using the threat of budget cuts to get more tax hikes passed – Wirepoints joins Tom Miller of WJPF Carbondale
May 17, 2024
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Ted joined Tom Miller of WJPF to talk about the details of Gov. Pritzker’s proposed $52 billion budget, why the state is struggling now that federal covid dollars have run out, the controversy surrounding Tier 2 government pensions, why Illinois’ expensive education system fails to teach children to read, the outrageous demands of the Chicago Teachers Union, and more.
Public education staffing has ballooned over the years…yet kids still can’t read – Wirepoints on with Jeff Daly of WZUS Decatur Radio
May 17, 2024
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Ted joined Jeff Daly to discuss how politicians can never spend enough on education despite there being no accountability for that spending, the growth of education staffing across Illinois, Mayor Brandon Johnson’s $1 billion demand for Chicago schools, why Gov. Pritzker is providing $830 million in taxpayer subsidies to struggling EV carmaker Rivian, and more.
Look on the bright side, lower home prices mean lower property taxes, no?
NO! They decide on the total amount of revenue they need to raise, and they raise or lower the rates accordingly. That’s exactly why so many communities are in death spiral.
More accurately, the amount of revenue they want to raise, which is typically more than they need to raise.
“Compared to last year the nation’s single family home prices rose 6.5%…”
“…the 20 metro area composite rose 6.8%.”
“…the Case Shiller Chicago index was only up 2.8% which put the Chicago area in last place among the 20 metro areas…”
No mention in the article that this month 3 economists employed by the the Chicago Federal Reserve proposed a 1% statewide property tax to fund the five Illinois STATE pension funds (that doesn’t include LOCAL pension funds) which they project would result in property values decreasing by 20% before eventually recovering.
https://wirepoints.org/chicago-feds-answer-for-illinois-pension-crisis-is-a-statewide-property-tax-wirepoints-original/
https://wirepoints.org/chicago-fed-team-proposes-perhaps-the-dumbest-solution-yet-to-the-states-pension-crisis-crains