Ted joined Tom Miller of WJPF to talk about Illinois’ highest-in-the-nation property taxes, why lawmakers don’t want to touch the tax’s cost drivers, just how much Illinoisans’ tax burden has grown over the decades, why Gov. Pritzker failed to meet his promise to reform property taxes, and more.
I gave this info of pension management fees up with my local Illinois state rep many years ago($323 mil in fees for TRS and return of 7/10 tenths of 1% on then $54 bill in assets) and he brought it to committee where the other side did not know how to answer of where the money is going. It went nowhere from there. In California fees were over $1billion and will be halved in a few years. Ultimately the taxpayers pay for these fees and have absolutely nothing to say about it.