Ted was on the Coffee and a Mike podcast earlier this week discussing the highlights of his recent articles No shame: Illinois set to borrow from Fed’s “lender of last resort” facility a second time. and A preview of Chicago’s 2021 budget: more taxes, phantom savings and no reforms.
Your property taxes pay for government workers’ guaranteed salaries, benefits and pensions while you get no such guarantees – Wirepoints on with Jeff Daly of WZUS Decatur Radio
April 18, 2024
1 Comment
Ted joined Jeff Daly to discuss why Illinois’ property taxes are such a national outlier, why Illinoisans are forced to pay the high, guaranteed salaries, benefits and pensions of the government class, why Illinoisans aren’t getting their money’s worth for what they pay, the teachers unions’ influence over elections, and more.
A set of state lawmakers want to extend CPS’ current school closing moratorium to February 1, 2027 – the same year CPS is set to transition to a fully-elected school board. That means schools like Manley High School, with capacity for more than 1,000 students but enrollment of just 78, can’t be closed for anther three years. The school spends $45,000 per student, but just 2.4% of students read at grade level.
Hopefully, all media will get the message, in Illinois, too.
Ted joined Tom Miller of WJPF to talk about Illinois’ highest-in-the-nation property taxes, why lawmakers don’t want to touch the tax’s cost drivers, just how much Illinoisans’ tax burden has grown over the decades, why Gov. Pritzker failed to meet his promise to reform property taxes, and more.
Years ago I had a friend that would always “Borrow Money” and never pay it back.
How many years do you think it’ll take before no services in Chicago with increased taxes? = riots, duh – or tax revolt
INCOMPETENCE + CORRUPTION = BANKRUPTCY
CHICAGO AND THE STATE OF ILLINOIS.
Hmm it seems like your blog ate my first comment (it was super long) so I guess I’ll just sum it up
what I had written and say, I’m thoroughly enjoying your blog.
I as well am an aspiring blog blogger but I’m still new to everything.
Do you have any suggestions for first-time blog writers?
I’d certainly appreciate it.
Great talk Ted. All these feel good lefty’s can’t run from the facts. The numbers don’t lie (unlike JB). Everyone is going to suffer greatly the more these Pols wait and it will be mostly the pensioners. The average pensioner needs to understand how bad their management has failed them, cause the pension is a promise motto won’t get you very far!!!
They are in Deep Schitt.
JB is really counting on a bailout. It is disgusting.
I love it because for all the problems he and his ilk have caused, the sweetest revenge will be seeing him shittin’ his pants as the results come in on November 3rd, Trump flushing that fat ass down the toilet.
I agree, this is just absurdly handled. Past Illinois administrations looted a rich system to fund their own corruption and the only way to dig out has been stymied time and again. Now the only solution is to ignore the future implications and get a bailout.
This would be fine if it did reset the value to zero, but it won’t.
Borrow till you blow up.