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.
Wow these employees only paid 8.5 percent contribution and they expected their plan to survive? A private sector 401k employee sees each quarter, with the retirement projection tools every plan provides, that a 15 percent or more contribution is needed over many years. “Mistakes” like this need to fall legally and hard on the actuaries that put both the taxpayers and the workers and the politicians for that matter in such jeopardy. They are to blame, the math is too clear and predictable by inference and evidence that this was to be the outcome. Yet it was hidden. Any actuarial… Read more »
Why not save the city? Shall we start with a teachers’ strike?