-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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That’s how Mayor Johnson thanks and rewards those who voted for him!
“Why are the values of houses being established by the school district, where the school district owns the Central Appraisal District. The school district says, here is my predetermined budget. The Central Appraisal District then says, I am going to use this software and hand overwrite the values to reach the predetermined budget. None of which has anything to do with Uniform Standards of Professional Appraisal Practice, which is required in law. They are caught, this isn’t debatable, even the courts have said fraud has occurred. So they say your property, even though it’s legitimately worth $250,000, is now worth… Read more »
Correction: There are no homeowners in Chicago. You are occupying your residence until the government taxes you out of it. Until then you are a glorified tenant that the government landlord allows to pay the mortgage on the property.
Everyone has to pay their “fair share” to keep the gravy train rolling for the lucky few in our Democrat paradise. Hope the Cubs don’t raise ticket prices!
Guess who just got promoted to “rich.” Can you feel those wheels separating from the bus? Start the screaming because the fat lady has sung.
Yep, wasn’t the slogan “tax the Rich”? Lol! This is normal operating procedure for Chicago and Illinois Government. Say anything to get elected, then run it into the ground while getting your cut of course.
On a related note, notice that BJ, instead of talking about the rich paying their fair share, now mentions the “ultra-rich.”
Why are they mad? What did they think would happen when they elected all these democrats? Stupidity must run deep in Chicago.
CBS, homeowners are burning mad in the collar counties also about there property taxes, how about a story about Will county, Lockport Township you want to talk about yearly increases, boy I can tell you a story about increases year after year.
Want to bet that individual homeowners are being taxed way more than 129 million to cover the loss of taxes from decreased loop property values?
This could be the start of the tax revolution.
vote all the fat cats out, redistribute the money to lower property taxes. Keep the money flowing
into the impossible pensions then keep paying
this and higher taxes. The solutions are common
sense
First Steps of Socialism. Implement unsustainable social give-a-way programs, fill them with people who do not work, tax working people every way possible, raise taxes on property owners to a point that they cannot afford to pay the taxes, the government takes the property, provides it free to those who do not work as a public right…working people move elsewhere, Chicago goes broke…because “you eventually run out of other people’s money”. M Thatcher.
Spot on and that’s the MO tried out first in Detroit. It’s why most Drtroiters now are basically unproductive people and a drain on the State of Michigan.
Socialism in Chicago is about to hit reality. There are a lot of feel-good things Chicago can do, but nothing is free. The people who work jobs to pay for their own needs are not an invisible bucket of money you can keep drawing from. It is now empty. You are taking so much that even those with a job have nothing more to hand over.
Did I read the city budget is up like 60% since 2019? Single party rule and people still vote for that party without even thinking.
Yup. 68%.
But when it comes time to vote all you lemmings will vote democratic. Bitch all you want. But now do something about it
Keep pulling the BLUE handle and this is happens…. GO RED!
Maria Pappas is right business have left and many more are going to leave. The public sector has made it far too expensive in Chicago (Illinois) to be competitive. Many other states offer far better deals. Get use the higher taxes and more still to come. Pensions must be paid first. Pensions are cast in stone. The public sector is Making America Great again (for themselves).