South suburban schools in line for millions in state grants, would need to abate taxes – Daily Southtown

Several south and southwest suburban school districts are in line to receive millions of dollars in state grants, provided they abate similar amounts in property taxes, according to the Illinois State Board of Education. They’re eligible for Property Tax Relief Grants, part of the state’s reworking of how the state funds public schools, but as the name implies, the grants require districts to provide tax relief to taxpayers in their districts in the form of property tax abatements. In announcing the 28 eligible districts for the initial round of grants — future grants will depend on the General Assembly setting aside money for them — the state board said they’ll share in a total of $50 million in grant money.

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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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