Opinion: The case for a California-style property tax overhaul here in Illinois – Crain’s

Nico Tsatsoulis the Libertarian candidate for Cook County Assessor: "The solution is clear: Illinois must adopt a model based on California’s Proposition 13. This policy caps property taxes on residential and commercial properties at 1% of the purchase price and limits reassessments until a property is sold. Since its adoption in 1978, it has provided the stability that families and businesses need to thrive."
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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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