Mismanagement of funds nothing new in Illinois – MyWebTimes

"With tongue planted firmly in cheek, I would like to announce my selection for 2019’s “Most Unintentionally Comic Article of the Year.” It’s a genuine knee-slapper. I hope you think so, too. Capitol News Illinois recently produced an article headlined, “State funding for schools would lower property taxes.” Just let that headline sink in. In the great tradition of other over-educated lightweights, Frank Manzo (policy director of the Illinois Economic Policy Institute) and Robert Bruno (equally impressive as director of the Project for Middle Class Renewal, where do they get these names?) authored a commissioned report (a sure sign of redundancy) that found property taxes would be reduced if the state of Illinois agreed to pay a much larger share of education costs in Illinois communities."

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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