-- 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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Golly. An election year and somehow the loyal communists of Cook County won’t get the bills into the mail until the day AFTER the election. Disgusting.
Can’t be a tax sale if there are no tax bills
The Chicago Tribune spelled it wrong.
It’s Crook County.
Generally, tax bills are held back only in local election years. This hides the shock of increases until incumbents have won office again. Local officials aren’t being voted on this November. I suspect they’re hiding the bills to allow time for the office holders a chance to secure jobs elsewhere. The increases will be that large!
Who would be surpised to see late penalties added on to the bills when they arrive?
Vote Preckwinkle out.
Now I know what those 8,000 teachers hired after covid do. They sit in the backroom of some office and with number 2 pencils figure out the taxes.
Property owners better check their bills with a fine tooth comb. Considering all the issues with this Tyler Technology firm, what are the chances that there will be no errors in their bills? This company has not earned a reputation for accuracy and reliability. A lot of appeals may be coming when the bills arrive and many taxpayers may be shocked by huge increases.
Errors in the system are a feature, NOT a bug. Without errors there are no grounds for tax appeals. Without tax appeals there are no fees for the law firms that file the appeals. Without fees for the lawyers, there’s no money for contributions to the campaign funds of the politicians who control the levers of government, including those of the real estate tax system. Here’s a few interesting topics for investigation by our local media: 1) Has the number of appeals gone down, stayed the same, or increased since the election of the “reformer” Fritz Kaegi? 2) Has the… Read more »