It shouldn’t have taken a PhD in economics to notice this – Wirepoints Quickpoint
May 17, 2024
55 Comments
What a representation of Chicago’s plight.
-- Connecting the dots between our economy, government and business --
In stark contrast to Cook County Assessor Fritz Kaegi's promise during election season, most residential properties saw tax increases — while most commercial properties saw decreases. In the city alone, taxes went up by about $468 million with homeowners picking up about 60% of it.
SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER
FOLLOW US
WIREPOINTS ORIGINAL STORIES
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
10 Comments
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
4 Comments
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
10 Comments
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
No Comments
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.
Huge Pensions costs have nothing to do with increase in taxes. Just ask PPF and see what he says.
Yep, and if you worked in the private sector to pay for his pension as well as yours he considers you a welfare recipient for collecting Social Security.
Never mind that he “retired” in his mid 50s on a 6 figure income stream and health care included.
I don’t think PFF is actually retired yet. My take is that PFF is a millenial or gen X government employee, maybe one of the last people to get into the TIER I pension system before it flipped to TIER II, and he’s legitimately concerned that the money won’t be there to pay his own TIER I when he retires 20-30 years from now. I know a few well paid Gen X/older millenials in the TIER I system, and they have all admitted they know, and fully expect, that their pensions will be slashed. They expect to get something but… Read more »
Debstor, well he be should concerned if he really is that young as I think they’ll run out of enough worker bees to keep up pretenses within 5 years. Surely the next big downturn will reveal that Illinois is swimming naked. His best hope is that a Democratic presidential administration bails out blue states.
If not, at least he’s young enough to start anew.
PPF is living in Florida in a luxury home. And he is not thankful at least. The taxpayers owe it to him and then some.
Poor Taxpayer, do you know that for a fact? If not, don’t say it.
While I don’t live in Florida it shouldn’t matter to anyone where a pensioner spends their own money. People shouldn’t be offended if someone has a luxury home, boat, or drinks fine wine. They traded their labor for their pension and it is absolutely no fault of the pensioner that the state offered said pension and that the state didn’t fund it properly. I still live in Illinois and like many people here I contemplate if it’s better to move. With that said, Florida would not be my first choice. I probably lean more towards Tennessee. The amount of money… Read more »
“The amount of money that would be saved in property and income taxes would be significant.”
Depending on the price of the house and the size of your mortgage in Tennessee, the savings make years to materialize. however, the income tax savings would be immediate.
That’s assuming a mortgage is necessary. Sure that’s money that could be invested elsewhere, but assuming that new property value increases the same or at a greater rate than Illinois, then you will still come out ahead. With no mortgage the cash flow improvement is immediate.
Like I said though, money is just one variable in where I and others determine where to live.
Clearly living rent free in all of your heads.
I’m not thankful when people pay me what they owe me. It’s what’s expected. I am thankful that the voters of Illinois were smart enough to put article 13 section 5 into the Illinois constitution to prevent politicians from stealing from retired people. Voters back then had real integrity.