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Ted went on FOX32 ahead of the second gubernatorial debate between Pritzker and Bailey to tell Mike Flannery what he wanted the candidates to talk about: property taxes and crime.
Read more from Wirepoints:
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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I guess when you’re in line for a huge pension and you have excellent health care coverage and and a liberal time off policy you don’t worry too much about your real estate taxes. That’s most of the people in Illinois. It will come back to bite you, Suckers.
You nailed it in your first sentence. These people can’t understand why others are complaining about huge PTs and continue to justify them – some tripe about you get what you pay for.
Then imagine having your local HS school district (D-211), give this answer to the mayor of our town when he asked why the district was raising taxes when all the other taxing bodies in our township had agreed to keep theirs flat that year. And I quote “because we can”. Here’s another cute voter bypass they instituted. The state has told both districts (D-211 & 54) time and time again their reserves are way overfunded. Have they returned any of the funds to the taxpayers? No! They ignore the state and us and haven’t come to the voters for any… Read more »
Same here in Belvidere and Rockford. I saw replacements of driveways/parking lots/curbs/AC’s/roofs/etc when they looked fine in many of the districts schools. These expenses will somehow find their way into to school’s general budget which will increase the amount needed next year. Rockford is and has been in the process of building new schools at the cost of $250M over a few years. Rockford’s school super is married to a majority owner of Stenstrom which received a few contracts to build a school which ended up costing up to $2M more than an identical school in another part of town.… Read more »
You can organize with other district taxpayers to file a “”taxpayer objection lawsuit” . ( this is not allowed to be a class action suit, plaintiffs must sign on individually).
If the ratio of taxation to budgeted expenses+ reserves exceeds 275%, you will win.
Coming soon to a city near you.
“How to remove your property from the tax roll.” – Steve Emerson
One of the main reasons is when people were duped into voting for Ptell under the guise that local taxing bodies could not raise taxes more than 5% or 1/2 of inflation whichever is less. This sounded good as good as sliced bread since here in Rockford taxes were going up because of home rule. There is no home rule here since the last time they tried to entice voters to reinstate it but the referendum failed due to nonstop tax increases. What was not said in order for voters to pass it was they can get what was levied… Read more »