Ted joined Tom Miller of WJPF to talk about the details of Gov. Pritzker’s proposed $52 billion budget, why the state is struggling now that federal covid dollars have run out, the controversy surrounding Tier 2 government pensions, why Illinois’ expensive education system fails to teach children to read, the outrageous demands of the Chicago Teachers Union, and more.
Mortgages are affordable due to historic lows in interest rates but property tax’s are not. You can work with the lender and have payments lowered or deferred for a while but property tax’s are completely off the table. There is no negotiating with tax’s. If you are late 1 1/2% per month in late fees.No partial payments allowed. So many could keep there homes if tax’s were capped at 1% like Indiana but will lose them to excessive tax’s.