-- 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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Gas receipts should be broken down the way grocery stores do: cost of product and taxes. Then breakdown who gets how much of that tax: state, county, township, municipality, etc. .
Shop around! Use Gas Buddy.
You will find gas stations outside of cook where you can get gas anywhere from .20-.80 cents less than your neighborhood store.
Some towns are also add their town taxes on top of the outrageous ILL. gas tax!
Unlike other states, Illinois charges a percentage sales tax on top of the state fuel tax on every gallon, so when prices go up at the pump, taxes at the pump go up, too
https://www.illinoispolicy.org/illinois-2nd-highest-gas-taxes-drive-motorists-business-across-state-lines/
Nice deal eh? Price goes up and the state collects more sales tax. Crazy nuts!