-- 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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no penalties? just paying the back taxes? what a joke!
A Chairperson of our local Board of Review did the same thing with his rental property, His punishment when caught…retire at full retirement benefits.
Life is just so tough for the Illinois Democrats and their minions.
You can get more than 1 homestead exemption as long as one home is a rental and being a single family home not a duplex. The tenants must sign a paper stating that they are responsible for the property tax’s. The lease must state that X$$’s are for tax’s and X$$’s for rent. The lease must be dated from Jan 1st thru Dec 31st and a copy of the tenants agreement must be given to the assessor early in the year. This is good for the taxing bodies since basically they now have 2 parties responsible for tax’s (basically a… Read more »
Interesting. In my county we are told the tax bills have to be mailed to the tenant who is responsible to pay the bill; not a monthly payment to the landlord.
Democrats who think they are above the law.