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It’s no longer a question of if but when the transfer tax will be raised, if voters approve it through a binding referendum. The question is how the referendum will be worded and what form the tax would take. “We are committed to getting to a ‘yes,’ because he believes that it is absolutely important that we have that dedicated funding stream to help deal with our unhoused population," Chief Operating Officer John Roberson said.
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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At all levels of government, taxpayers pay dearly for government leaders and their staffs implementing hare-brained schemes. Then, new leaders eventually replace the old ones, undo the hare-brained schemes, and implement their own. Here’s an idea: implement plans that make sense for the governing entity; i.e., country, state, county, or municipality, and aren’t abusive to its residents and businesses. These plans wouldn’t be driven by corruption, greed, and/or ignorance. That way, the perpetual cycle I described above can be broken, and the taxpayer can be given some relief. I know, corruption and greed are so entrenched in certain government entities… Read more »
So, can it be said the ‘bait’n switch’ is official now?
Everyone got raises, what more should he do?
Union votes always cost the taxpayers money, and lots of it.
Behind the scenes, what matters for CTU/Brandon to deliver on is next years Dem convention & CTU contract….for all the rest of phoney equity fantasy talk just expect pilot programs and minor handouts to keep the dullard natives quiet.
Recall during his campaign Johnson said he’d “go thru budget with fine tooth comb”. Since his election, not one budget-savings measure proposed or enacted. Now Johnson’s simple plan is “raise taxes, more taxes, yet more tax-revenues” for nebulous projects such as “fight homelessness”. City government has no effective program for “combatting” social problems such as unaddressed mental illness, or substance addiction, no competent plan for “recently arriving migrants”, and thinks spending huge amounts of money on private-sector contracts and public employee benefits are only solution to Chicago’s many civic problems. The financial problems, caused by gold-plated pensions and perks for… Read more »
Already making excuses. Funny how CTU demands immediate change from politicians but now we’re supposed to be patient with their guy.
They’ve been planning this for years. Brandon has a bigger head start than Rahm or Lori ever had. No excuses. Perform or step aside.
So grateful I escaped Chicago. Don’t even go back to visit. Biggest regret–Wish I’d left sooner.
I was born there. Took me a while to understand the total corruption and insanity of the place.
Chicago is the perfect haven for criminals, gang members, and lying politicians.
Some of the reasons I left Taxistan;
Judge you didn’t have to leave there’s plenty of Fast Food places where someone of your low Skill low Intelligence could work
Thanks for the career advice Casper.
Isn’t it time for you to go watch The View you union slug!!
Is this you George Wooden Head?!
May I politely ask where you bailed on this craphole of a state to?
First Atlanta and then Denver.
My wife is an Illinois native from Champaign but she admits we will never move back.
Colorado sounds like a solid fix to me as well, so long as they don’t get any nuttier in their progressive ways
FJ,
CO has gotten more progressive since I moved here 15 years ago.
However, the TAxpayers Bill Of Rights(TABOR) prevents taxes from ever getting as high as they are in Illinois.
No beholden Dem pols raising taxes higher and higer to please their masters the public sector unions.
First I got out of Chicago and then finally out of Illinois. My husband and I live in a college town in Indiana. West Lafayette–home of Purdue University. We wanted someplace with low property taxes. We also wanted the option of public transportation. There’s Citybus and Amtrak. Plenty of bike trails. We live near a library and a nature center. Hubby worked 26 years for thesame company in Illinois before being laid off.(Not bitter. 26 years is a good run.) At the age of 58, he found work in Lafayette–both Caterpillar and Subaru were hiring. I was self-employed and worked… Read more »
Some of my relatives recently moved from Chicago to Munster, Indiana. Better schools, less crime.
Sounds good. I am likely headed that way (out of IL and towards Indiana/Wisconsin) too.
I think the Sun Time’s article skirts the fact that for BJ to make good on his campaign promises, he’s got to pull all five deeply unpopular taxes across the line. The former ‘Not Really a Mansion’ Mansion Tax – now the ‘Not Really All Real Estate’ Transfer Tax – only goes to pay for something that BJ can pretend solves homelessness. Who knows what that might be. BJ won’t even account for the $120+ million he’s already spent on ‘migrants,’ which is to say illegal aliens. In any event, everything else BJ promised to pay-for-n-do to address ‘Root Causes’… Read more »
Yes, yes. Chicago suffers poor schools, excessive violence, poverty, and more, all because there just aren’t enough tax payer dollars being confiscated and extorted from its residents and businesses. We have passed the, “it’s sad” stage and have moved to the, “it’s simply laughable and ludicrous” stage. From the makers to the takers. Maybe the acceleration to rock bottom will hasten the return of adults to the halls of Chicago government… Though, even complete collapse may not be enough. P.S. It would be a great made for TV movie… “Chicago Down the Drain in Two Mayors”. No one would have… Read more »
POC have rejected Christian moral principles and chosen to get off the white mans’ plantation and embrace the government plantation. Also look at POC sexual behavior in connection with violent crime.
I read today on a link at CFP that there’s an incurable strain of the clap spreading throughout the most sexually active communities. Nature will take care of itself, regardless of what skin color one has.
As fish are caught in a cruel net,
or birds are taken in a snare,
so men are trapped by evil times…….
I felt trapped in Chicago. The city can’t be changed or reformed. But it is great to have a news outlet like wirepoints since there has always been a lack of transparency in Illinois government. Corruption affects every aspect of life in crummy Illinois.
Johnson Looking To Rob Taxpayers Of $1B To Fund His Marxist Manifesto