A statewide concern: Illinois’ population decline outpaces neighboring states – Wirepoints on ABC20 Champaign
“We are not in good shape” Wirepoints’ Ted Dabrowski told ABC 20 Champaign during a segment on Illinois’ latest population losses. Illinois was one of just three states to shrink in the 2010-2020 period and has lost another 300,000 people since then. Ted says things need to change. “It’s too expensive to live here, there aren’t enough good jobs and nobody trusts the government anymore. There’s just other places to go where you can be more satisfied.”
If arrow smith can spend 2 million on drugs why can’t who people come up with money for your property tax bill….
Let’s not forget the impact of numerous tax increment financing districts (TIF) districts and the forgone tax revenues.
the establishment is why you get people like Trump elected. They cannot see the forest because of the trees, or in less polite vernacular cannot get their heads out of their asses
The establishment is the Illuminati!!
You can’t you see this !!
The 3 Chicago Fed economists project the 1% statewide residential property tax would reduce Illinois residential property value by $165 billion dollars ($828B x.2), which the economists claim would eventually be recovered.
The 20 percent reduction was picked up by Cole Lauterbach of Illinois News Network in his May 16th article.
https://www.ilnews.org/news/economy/illinois-realtors-proposed-statewide-property-tax-untenable/article_ac594e68-5883-11e8-a35e-6fc31fc0a68a.html
He obtained the 20% from the May 7th Chicago Fed blog post by the three economists.
That same blog post contains the $828B figure.
http://midwest.chicagofedblogs.org/?p=3096
The 1% has of course no chance of passing. The FEDERAL Reserve bank proposing Illinois law? Don’t the have anything FEDERAL to do? That begs the question why would you propose something that has NO chance of passing? Answer – scare em some more. People are already sacred. The General Assembly has already stiffed local governments and schools leaving them to raise the only reliable source of $ they have, the property tax.Public opinion continues to support the idea that the General Assembly mad this mess, they need to clean it up. But, get em scared enough and they may… Read more »
I think our central bankers DO understand what they are proposing; that is, all wealth reverts to the state. What care they? They are there to help their political friends, not the citizen. It’s been that way since the beast crawled off of Jekyll Island to take over the world.
With the already contracted debt and need for future debt of course the bankers are in support of this.
Bankers are the Illuminati!!
Jake man that stuff about jeckel island is true.
It’s all the Illuminati man
Mark- When you state that taxes are 2.67% does that include farmland. New Jersey is always number 1 or 2 in property taxes % wise but they have much less farmland that Illinois. What would the % be excluding farmland. Illinois has 27 Million acres farmland vs 733,000 in NJ. Thanks!
Freddy – Illinois farmland owners enjoy much lower property taxes than similar land owners in surrounding states. Illinois agricultural land is not taxed based solely on its value, but rather, by a formula based on value and, mostly, productivity. Illinois farmers enjoy the protection of an incredibly powerful lobby that has kept their operating costs quite low.
It’s not only the farmers lobby.
Developers and politicians own farmland too.
It was the Illinois Farm Bureau that lobbied for, and drove through, the current farmland property tax assessment system.
Just residential.
Thanks everyone!
Freddy I don’t mean to burst your bubble…..but how much wood could a wood chuck chuck if a wood chuck could cuk woodies ??