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.
Your reporting is just as disingenuous The same study you cite also says – “Just as being more than 80% funded does not assure a plan is adequately funded, a plan with a funded ratio below 80% should not necessarily be characterized as unhealthy without further examination. A plan’s actuarial funding method should have a built-in mechanism for moving the plan to the target of 100% funding. Provided the plan sponsor has the financial means and the commitment to make the necessary contributions, a particular funded ratio does not necessarily represent a significant problem.”
??? Nothing I said contradicts that.
Glennonsachump – you can’t possibly be serious. Glendon’s point was over shoddy reporting regarding the actual state of Chicago’s finances, and you cite a statement from a report that indicates that being 80 percent funded in some cases may not mean a fund is unhealthy. But look at Chicago. Depending on what fanciful rate of return one wishes to apply, Chicago’s funds are funded in the low 20th percentile range. They are surely unhealthy, and are rapidly heading to insolvency, if not already there in som sense. And you claim that somehow Glennon’s reporting is disingenuous? The only reason that… Read more »
Pierog is on my list (so far) 4 times
That’s up there with Hilary Russ, also from Reuters: 4 times
But not quite so high at CT Mirror’s Keith Phaneuf: 8 times