Fed-up Illinois homeowners consider moving: ‘It’s not just the property taxes on my home; it’s all of them’ – Chicago Tribune

"The day after the Illinois legislature voted to raise the individual income tax rate from 3.75 to 4.95 percent, Northfield-based financial planner Ellen Rogin said she started getting phone calls from clients who are residents of Chicago with second homes in Florida."
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James Brigham (Bigg) Bunyon
8 years ago

Never before in my life have I been so glad I’m a small town southern bumpkin. Low costs, warm Winters, low taxes, good schools, patriotic gun laws … and then there are places like Chicago, “That Toddlin’ Town”. Yeah I know, I am such a jerk and a deplorable too boot. Got to run now, we’re picnicking at the lake today and my son and I need to fill the tanks in the trucks and boats. Yous guys have fun now, ya hear.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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