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Summary and audio linked here.
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
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.
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Audio and summary
If the prop taxes arent paid and the property cannot be sold for back taxes, it is in effect worthless. Hence it should have an assessment of 0. But since the bumbling assessor isnt up to the task of doing that, they make up a fictitious value for the property and it gets a tax bill that no one is willing to pay. This doesnt solve these communities problems, but they are supposed to reflect reality with their assessments, not make it up. Simple as that.