-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Know this. Those “fairer” assessments were accomplished by the much maligned sales chasing tactic. This proof sits in plain sight, they denied it. As long as appeals are granted the system is unfair. The reductions have no methodology to support them, they are discretionary. They distort the process especially wealthy vs poor homeowners and are a use of power the assessor refuses to give up. That data is in plain sight. The author and IAOO are engaging in the age old tactic of “brown nosing.” Why not ask the CCAO directly if these tactics were used? The benefit of the… Read more »
Chicasgo now,
Fire this dumb as- writer of yours!!
Yea OK, it’s for real like that TV antenna that gets you high def reception in the Gulf of Mexico. Hey comeback to the stampede out of state. Sounds like CH 7.
I don’t know what happened to CH 7 news in the last few months but they’ve gone PC woke. They used to be a little more objective but now they’re pushing climate change, clot shots to little kids, and lots of stories about equity. They even covered for JB’s unemployment fraud scandal. I’ve stopped watching Channel 7 entirely. Channel 2 news seems to be a little better. At least they focused on the PPP loan fraud scandals in the south suburbs that was too big to ignore.
“In other words, commercial properties were under assessed by about 39%!”
So basically, dumb businesses need to shut up about high Cook County Property taxes, see, they’re fair, and the increases only make them more fair.
Hey wait, you’re closing and moving to DuPage County? You’ve moved your entire operation to Indiana, no, no you can’t do that! That’s not fair! (followed by stomping of feet by our political leaders)