Ted joined Amy and John Anthony to talk about Gov. Pritzker’s chances of obtaining the Democratic nomination for president, the huge property tax increases that just hit many Southland homeowners, State Rep. DeLuca’s call to use migrant dollars to fund property tax relief, and more.
Read more from Wirepoints:
- Somebody forgot to tell Mayor Johnson that Chicago Public Schools is junk rated
- Democratic State Rep. DeLuca calls for state to shift migrant funding to property tax relief
- The Democratic National Convention in Chicago is up next. Please help Wirepoints get the facts out.
- Chicago’s Southland residents are irate about their property tax hikes. Wait till they see how their money is being spent.
- Gov. Pritzker’s role in the extreme rhetoric surrounding Donald Trump
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.
A significant factor in this property tax crisis is TIF. TIF eats up inflationary assessment increases on existing properties for 35 years, subsequently raising tax rates and shifting that tax burden to non-TIF properties. TIF funds are spent improving TIF properties only. TIF creates new tax burden (schooling, police, roads, government, fire&rescue) which by law can only be paid for, primarily, by non-TIF property taxes. Reform ideas suggested and ignored: Limit percentage of EAV of affected taxing districts which can be allocated to TIF. (remember, only morons or non-politically-connected developers will want to compete with TIF-subsidized businesses…so what will be… Read more »
It is not like the taxpayer needs the money, after all the taxpayers would have spent it on their families (talk about a waste of money). Pension funds need it far more than your children need clothing and basic necessities.
Do tax hikes mean the pension funds can no longer be relied upon to borrow from to satisfy Illinoisans seemingly never ending desire to spend money?
Shut up and pay this is what people have voted for, for years
Higher taxes for little county services and poor public schools.
KEEP VOTING DEMOCRAT SOON MANY TOWNS WILL FILE FOR BANKRUPTCY
People can’t be this dumb…..has to be the vote counters!
Question: The state cannot go Bankrupt, but can every City, town and UN-anexed area go bankrupt? (literately the entire state but broken up into hundreds of little parcels.)
The state has to give permission for a municipality to go bankrupt. Rural areas are another matter apparently.
The laws of diminishing returns controls the future. This becomes a closed loop
Of people leaving with higher incomes,
People coming in lower incomes, revenue
Falls, expenses increase. The cycle continues until, checkmate.
We are watching it happen now.
Looking back in a few years they will think these are the good old days of low taxes.
Pension debt is so very large and must be paid for by the taxpayers. This debt is growing like a bad cancer and cannot be stopped now.
I consider the good old days as anything pre-Covid.