-- Connecting the dots between our economy, government and business --
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.
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Speaking of pot. The taxes are very high (pun intended) in Illinois. My question is if someone needs pot for medicinal purposes is it still taxed? There is no tax on prescription drugs so if you have an RX for say pain or glaucoma is it tax exempt?
In Illinois, medical marijuana and recreational marijuana are taxed differently, reflecting the state’s approach to encouraging medical use while benefiting from the revenue generated by recreational sales. Here are the key distinctions: 1. Tax Rates: Medical Marijuana: Medical marijuana is subject to a lower tax rate. Patients with a valid Medical Cannabis Patient Registry Card pay only the standard state sales tax, which is 1% for qualifying medical products. Recreational Marijuana: Recreational marijuana is taxed at a higher rate. There is a 10% tax on cannabis flower or products with less than 35% THC, a 20% tax on cannabis-infused products,… Read more »
Thanks. Appreciate the info.
Just purchase your pot in Michigan. The state taxes on the purchase are roughly 2/3 lower there.
You’re right. Not only that but the actual cost of the products are way lower as well. Although then you need to transfer it across state lines and drive through Indiana to get back to Illinois. The MAGAs over their want to lock you up for having some flowers from a plant. They still believe “Reefer Madness” was a documentary. Very backwards there so it may not be worth the risk.
Good to know you are a pothead
good one
pothead? lol. You’re old Debbie.