-- 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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Can I also miss the property tax deadline?
Sure you can but with a 1.5% per month or 18%/yr penalty. Then shortly after the second installment is late your name goes in the local paper as being delinquent like we are some sort of criminal and sometime later notice is sent out that our homes will be sold for tax’s usually about 24 months. Here in Rockford thousands of taxpayers owe about $23Mil in unpaid property tax’s according to the news today. They tax us in to oblivion that many can’t pay and then we are deemed criminals. If you notice on the back of your tax bill… Read more »
Move out of Illinois and skip the huge tax payments forever. Leaving Illinois is the only way your taxes will be cut
Move out of Illinois and skip the huge tax payments forever. Leaving Illinois is the only way your taxes will be cut
One way to lower taxes is to just…..lower taxes!
Like I said before There is an 88 member property tax task force same amount as the keys on a piano. But the piano will play out of tune every time.
Pritzker DemocRats couldn’t find their ass if they used both hands.
Suckers!!! There isn’t going to be any property tax relief! Illinois is broke and they need every penny from the highest property taxes in America, plus the highest income taxes, the highest sales taxes, highest gas taxes, highest tolls, highest corporate taxes, highest fees, the highest tax burden in the nation!
They’ll come up with something and call it tax relief but more than make up for it by gouging you with other taxes and user fees.
Another Chicago failure.