Opinion: Illinois’ beleaguered housing market faces a new threat from Pritzker’s progressive tax – Crain’s*

Economist Orphe Divounguy:  "If the tax passes Nov. 3, Illinois homeowners could see close to a 20 percent decline in housing appreciation during the next decade. But it's still not just homeowners who would suffer. When homeowners are less wealthy, they spend less. That means less business revenue, less new investment and fewer new jobs. The entire economy suffers."

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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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