Pensions make homeownership unaffordable in Illinois – Illinois Policy

Since 1996, residential property taxes have grown by 232 percent. Most of the growth in property taxes can be attributed to the massive growth in pension obligations that local governments can no longer afford.
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Deb
1 year ago

IL needs meaningful pension reforms.

Leaving Soon, just not soon enough
1 year ago
Leaving Soon, just not soon enough
1 year ago

Illinois has the highest property taxes in the nation, and those taxes are being driven up by pension costs. Illinois is flat A$$ broke, they are on the brink of bankruptcy. $100,000 are much more common than most states. 3% annual increase while most states are 2% annual increases, that is 50% more in a state that is broke. Most retirees on a pension will make much more money not working than they ever did pretending to work. Lots of the pension money leaves the state to help out other states economies.

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Wirepoints’ Mark Glennon on AM560: Why We Need to “Relentlessly” Make the Blue State-Red State Case

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