-- Connecting the dots between our economy, government and business --
Pat Gonzales, 66, said she has paid what she thinks she owes — a couple hundred dollar increase from her previous year’s assessment — as a form of protest. “We’re trying to preserve the neighborhood,” said Gonzalez, who added she was semi-retired. “I don’t want to have to get a full-time job again to pay property taxes.”
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Feel bad for these people. They don’t understand how all the freebies and excesses of government are paid for. They need to get educated and not by politicians.
What?? They’re protesting because they do understand!! LOL Why do you think they chose the fat cat characters and politicians with pockets stuffed full of cash??? hahaha
I’m sick of this ridiculous myth that all minorities are Democrats, they can’t think for themselves, and that they’re uneducated. It’s racist!
Why do you speak for them and make suggestions when you probably weren’t there and didn’t talk to them?
“Pat Gonzales’ family has owned a building in Pilsen since 1954. Her niece currently lives there and it’s where she said she wants her grandson to live when he attends the University of Illinois at Chicago in the future. She said her property taxes increased from $3,600 to $11,500.” Que lastima Senora Gonzales. However I was paying $12K in 2016 on a single family home in Will County before we left Silly-nois. As you might say in Spanish “No puedo llorar lagrimas de lastima.” “Gonzales, 66, said she has paid what she thinks she owes — a couple hundred dollar… Read more »
The Democratic Convention is going to be a real party!
It Will do no good to complain, the huge increases are in the future. The pensions are coming due at a huge rate and will last 40 years plus.
Well, why complain on Wirepoints then? I support these people and encourage them to fight back even more.