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Gov. JB Pritzker signed a law expanding the Senior Citizens Real Estate Tax Deferral Program, giving more elders the chance to get some financial relief.
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Audio and summary Why the Holdup Using Artificial Intelligence to Cut Illinois Government Costs? – Wirepoints
May 19, 2026
10 Comments
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Note to readers from Mark Glennon re: Ukraine
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Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Wirepoints’ Mark Glennon on AM560’s Morning Answer – Chicago’s struggling commercial real estate and more
April 22, 2026
5 Comments
Summary and audio linked here.
Audio and summary
The interest rate on the balance is 3% simple interest. Illinois pays the tax amount financed to the taxing county. Right now, Illinois is both paying and charging 7% on tax overpayments and underpayments. This is a 4% subsidy (57% lower rate) on the property tax debt as compared to the income tax debt. In addition there must be a bureaucracy to administer the program including lien filing and collection. What is the source of funds for this program? Why are senior citizens, many of whom have lower annual income but higher asset balances offered favored rates? The issue of… Read more »
What a joke. So you can defer paying property taxes and your heirs can pay off the taxes once you pass. So the State really will liquidate your property value or the value you have. The better alternative is to move to Indiana and pay a lot less in property taxes.