It shouldn’t have taken a PhD in economics to notice this – Wirepoints Quickpoint
May 17, 2024
57 Comments
What a representation of Chicago’s plight.
-- Connecting the dots between our economy, government and business --
House Bill 1238, and corresponding legislation in the Senate, would allow taxpayers the opportunity to catch up on delinquent tax bills. “The disparities have to do with if you become delinquent, you have to be able to pay that delinquent bill in full before the tax sale,” said state Rep. Debbie Meyers-Martin. “This would create a payment plan, which would give many more homeowners the opportunity to stay in their homes....We’re not affecting the budget at all."
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Twelve Illinois Congressmen vote against bill to give federal custody to non-citizen defendants charged or convicted with assaulting cops – Wirepoints Quickpoint
May 17, 2024
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The bill passed despite their votes in response to certain incidents where local prosecutors are thought to have been too lenient with non-citizens assaulting cops.
The Chicago Teachers Union Plays Hooky – Wirepoints in the Wall Street Journal*
May 17, 2024
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The Wall Street Journal Editorial Board cited Wirepoints’ analysis of Chicago student proficiency data in their latest piece condemning the Chicago Teachers Union’s outrageous contract demands…all while a vast majority of Chicago’s children graduate unable to read at grade level.
Gov. Pritzker is using the threat of budget cuts to get more tax hikes passed – Wirepoints joins Tom Miller of WJPF Carbondale
May 17, 2024
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Ted joined Tom Miller of WJPF to talk about the details of Gov. Pritzker’s proposed $52 billion budget, why the state is struggling now that federal covid dollars have run out, the controversy surrounding Tier 2 government pensions, why Illinois’ expensive education system fails to teach children to read, the outrageous demands of the Chicago Teachers Union, and more.
Public education staffing has ballooned over the years…yet kids still can’t read – Wirepoints on with Jeff Daly of WZUS Decatur Radio
May 17, 2024
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Ted joined Jeff Daly to discuss how politicians can never spend enough on education despite there being no accountability for that spending, the growth of education staffing across Illinois, Mayor Brandon Johnson’s $1 billion demand for Chicago schools, why Gov. Pritzker is providing $830 million in taxpayer subsidies to struggling EV carmaker Rivian, and more.
Here’s a thought – collect taxes on a quarterly basis for the current year. Pay 2023 taxes in March, June, September, and December of 2023. And use those taxes for current operations. In 2022 the final tax payments for 2021 weren’t collected until December 2022. That’s ludicrous! It’s far easier to budget household expenses when they are paid over time, instead of getting slammed with a huge first installment, then, sometimes, a second installment a few months later. Paying in arrears allows politicians to delay billing until post-election. It would also save interest on any loans that have to be… Read more »
As long as they charge a healthy interest rate and borrowers agree to wage garnishment if they don’t make their payment.
PPF — I am not sure that works. A automobile consultant i follow thinks that the subprime base of customers will increase in the coming year from 35% to 50%. When defaults increase (as well as deficiencies) lending really slows down – just too many credit risks for the bank to deal with. In the southland, the people delinquent on their taxes are in same group as subprime borrowers – likely even worse in many cases because steady employment or any form of cushion for life’s disasters is lacking. It is not unreasonable to think that many payment plans will… Read more »
But no bill to end confiscation of accumulated home equity in tax foreclosure sale?