-- Connecting the dots between our economy, government and business --
"My personal property tax bill surged from $1,939.34 in 2022 to $9,237.36 in 2023, a staggering increase of $7,297.42. The brass-tacks consequence is a nearly doubled monthly mortgage payment.... We may not know the full impact of this usurious tax increase for years. In time, it may become evident in the number of foreclosed and/or abandoned homes reported, or evidenced by the number of new-construction housing developments that spring up in these currently beleaguered cities."
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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$9K per year in property tax to live in Harvey? You can live in Bowmanville for $10K!
The first thing I can think of for Harvey residents is kick out the bums in office. If you really care, run to replace them, and keep shining a light on their shenanigans.
Where’s the money? How about taking a look at the Henyard’s of the south suburbs? I can recall the official in Harvey not long ago that also gave herself a 64K(!) raise shortly before leaving office. One of many.