Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Will not run out of pension money. Taxpayers and their properties are unlimited ATM machines for taxing bodies.
Not unlimited. As the cost of monthly property taxes (plus maintenance cost) approaches the cost of monthly rent for a similar piece of property the value of the property moves closer to zero. At that point the state essentially owns each property and rents it out to its’ citizens.
True. We never own our properties. In the 39 counties under PTELL if all the properties go down to $1.00 each they can still collect what was owed from the year before and up to 5% more because it is what was levied not billed or collected. That is why tax’s in Rockford are so high. Anyone getting a tax break or abatement that cost is passed on to everyone else in the form of a higher tax rate. The only good thing with ptell is if home values double they are limited to 5% but if they drop in… Read more »
Take it out of the Pritzger and lightfoot Pig Bank!
This is all happening in various areas of state technology infrastructure because there is no capital planning; no reinvestment; no money.
Why is there no money? Because the public sector unions take every dollar that is available. They allow for nothing to go towards the benefit of our state taxpayers. They want it all, and they take it all.
And are politicians give it all, that’s the issue also blank check Illinois
the unions take the money, and the unions give campaign money back to the Democrats. The democrats then give the great pay and perks to the unions, repeat. the IL citizens get stuck holding the bill when we never even agreed to any of this. there needs to be a way to stop this …public unions need to be outlawed solves the problem just ask wisconsin …
well if it does run out of money then some people will go hungry ….when people go hungry there will most likely be social unrest. just amazing that this could even happen when we pay the highest state taxes of any other state.
This went in wrong commentary
It’s not only government it’s the damn school districts they are the main root of all evil. Almost 8% tax levy in romeoville for valley view school district 365 u. Greed that’s all it is greed, and Springfield is nothing but a bunch of lazy jackasses and work for the weasel aka (Madigan) . Puppets that’s all everyone of you are, Kuala Fran and Ollie have more sense than Springfield.