Now that the federal money is gone, here come the tax hikes – Wirepoints on with WJOL’s Scott Slocum

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Indy
1 year ago

Well thats the price you pay for continuing to live in Illinois.

Free at Last
1 year ago

Oh boy! I can hardly wait to see how many of you are about to get promoted to the status of “rich”. Since you all deserve it, it really doesn’t matter. It’s just that the trojan horse of “Tax the rich” is so much fun to watch on unfold on the willing idiots that opened the gates.

Daskoterzar
1 year ago

Of course the money is gone. The Fatman used the billions to show the ratings houses that Illinois had some money and slightly raised the rating – then claimed victory…for a few minutes. School Districts used the money for…well, who the hell knows. Pin-Head used the money to pay for short term givaways to his cronies….now its gone with no oversight.

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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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