Why your suburban property taxes are so extortionately high – Opinion – Crain’s

"If politicians are serious about giving homeowners property tax relief, they must stop putting off the state's biggest policy challenge and get down to fixing Illinois' pension crisis."
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P M
7 years ago

+++++++++++++++++++++++++++++++++++++++++++++++++++++ To be clear, Magalis has done nothing wrong—he and other public-sector pensioners simply have taken advantage of a deeply flawed, unsustainable system. ++++++++++++++++++++++++++++++++++++++++++++++++++++++ And that is the problem. When one cannot recognize right from wrong. The correct way would be to say they did nothing illegal, but wrong does not cut it. It is reprehensible ad they knew it all along. They could have spoken up used their unions to voice their concern about equity and above all sustainability, but they sat silent. The pensioners are not innocent in this, they well deserve the contempt so many of us… Read more »

Freddy
7 years ago

This is “Theft By Deception” Every year you pay your property and other taxes and within those taxes are payments to various pension entities. Then your tax dollars are not appropriated to pensions but to higher salaries and politicians pet projects (like the bridge to nowhere here in Rockford at a cost to taxpayers of $3,746,780.47 ) and taxpayers are told pensions are underfunded and we have to pay more and more. In the meantime those who retired before the 6% max pension spike(which is rarely adhered to) was made law are making a killing with no end in sight!!

James
7 years ago
Reply to  Freddy

Freddy Cat, I don’t know, or even believe. that your first two sentences are right, and almost certainly what you’ve asserted that is not right literally all of the time. Its clear that when one pays a state income tax here in IL the taxes are meant to cover a variety of state government expenses none of which are enumerated specifically when you pay that state income tax. But, here’s where it gets murky: with only a few exceptions the amount going to any given set of state government expenses can vary with the needs of the moment and legislative… Read more »

Freddy
7 years ago
Reply to  James

James-Thank you very well put. For an example years ago here in Belvidere years ago we were asked to vote for a 1% utility tax for local infrastructure and the money was appropriated to that for a while. Then someone noticed that very little was being done and did a FOIA request and lo and behold for 5 or 6 years much of that tax went to shore up police and fire pensions which was never voted on. Also at a Sen. Steve Stadelman townhall meeting someone asked where all the pension money everyone pays goes to and he said… Read more »

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