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Property tax a ticking time bomb (in Chicago)
Chicago Sun-Times ^ | May 27, 2014 | MADELEINE DOUBEK

Posted on 05/28/2014 2:42:40 PM PDT by reaganaut1

click here to read article


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To: GladesGuru

I learned a new word today. Thank you.


21 posted on 05/28/2014 3:59:39 PM PDT by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: tflabo
Here’s a solution—have govt employees enrolled in 401-k plans and have govt fund a generous 60%-75% of the max yearly contributions allowed.

I don't think you understand. In blue states like Illinois, they have to pass your law first. THEN, once the law is passed, it's the newbies that have to haul down the pirate flag.

The current employees get grandfathered, and get to keep flying the Jolly Roger, along with the retirees.

22 posted on 05/28/2014 4:04:03 PM PDT by kiryandil (turning Americans into felons, one obnoxious drunk at a time (Zero Tolerance!!!))
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To: cripplecreek

But who’s going to bail out Illinois?


23 posted on 05/28/2014 4:18:49 PM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: GeronL
and they will probably fine people who do that too.

Yeah, that's kind of in the back of my mind. However, I believe in the "revenue neutral" approach, if it comes to that...

24 posted on 05/28/2014 4:19:48 PM PDT by kiryandil (turning Americans into felons, one obnoxious drunk at a time (Zero Tolerance!!!))
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To: reaganaut1

Rats who rent have no idea the amount they pay would go up with a property tax increase. They’re too damned dumb to understand simply math. I know. I’ve tried to explain to a few of them.


25 posted on 05/28/2014 5:02:59 PM PDT by VerySadAmerican
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To: VerySadAmerican

Well, then, Illinois will have to add another tax that all of Illinois will pay to support Chicago, because Chicago is such a “powerhouse” for Illinois. Illinois would be nothing without Chicago. Downstate IL is just Chicago’s backyard, don’tcha know. The arrogance. It’s why I left.


26 posted on 05/28/2014 6:02:10 PM PDT by virgil (The evil that men do lives after them)
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To: 88keys
Query: why are all those people so worried about "sustainability" in the environment (etc.) not at all worried about "sustainability" in the economy??

They are worried about the sustainability of their economy aka their pensions whether it is Detroit or the GM UAW, nothing was shut off and in GM's case they were moved to the front of the line and NOT shut down or their "contracts" voided. But their Legacy Systems are unsustainable and they would love for us or Obama to pick up the tab. Keep your eye out on the "Grand Bargain" in Michigan for Detroit, how it is structured might be a harbinger of things to come for all of us, and not in a good way....

27 posted on 05/28/2014 6:19:46 PM PDT by taildragger (The E-GOP won't know what hit them, The Party of Reagan is almost here, hang tight folks....)
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To: PGR88

That will happen when we change governments. I don’t expect the change in my lifetime.


28 posted on 05/28/2014 6:25:17 PM PDT by B4Ranch (Name your illness, do a Google & YouTube search with "hydrogen peroxide". Do it and be surprised.)
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