A statewide concern: Illinois’ population decline outpaces neighboring states – Wirepoints on ABC20 Champaign
“We are not in good shape” Wirepoints’ Ted Dabrowski told ABC 20 Champaign during a segment on Illinois’ latest population losses. Illinois was one of just three states to shrink in the 2010-2020 period and has lost another 300,000 people since then. Ted says things need to change. “It’s too expensive to live here, there aren’t enough good jobs and nobody trusts the government anymore. There’s just other places to go where you can be more satisfied.”
I hope they strike, and I hope cps caves and gives them millions of borrowed dollars to end the strike. The sooner cps goes into bankruptcy is the only chance for reform. The more money cps borrows and the more taxes go up, etc. and the more they push problems into the future, is what it takes to get reform in Chicago. Glad I don’t pay taxes there and I avoid going into the city all I can.
CPS can’t go into bankruptcy unless state law is changed. Their only other option is to keep bending taxpayers over. If taxpayers leave the city, either someone buys their place and keeps paying taxes, or the bank takes it over and pays the taxes. Coming right after another huge property tax increase to fund pensions, I think CTU grossly overestimates the amount of support they have.
Following foreclosure, the bank puts the house on the market in the hope of recovering its mortgage balance. Hopefully that balance is less than the so-called “market value” of the house. The appearance of an increasing number of lower-priced houses on the market drives down everyone else’s property values. Sooner or later, the assessed value of all homes declines as does resulting property tax revenue. Owners with no home equity abandon their houses after going a few years without paying taxes. Now the city or the county or the school district foreclose tax liens and we have a lot more… Read more »