Would you pay 40 percent more in property taxes if it would wipe out the state’s crippling pension debt? Yes No See results vote online survey .....................
97% NO!....................
Why don’t they copy the Seattle employer tax? (Of course, I live in a neighboring state so I’d welcome the businesses that would run away screaming.)
One way U-Haul business must be peaking.
Running 97% against.
Is this just the state pension debt? Would the city of Chicago need to levy its own additional tax to pay its pension liabilities??
What about literally every governmental unit in Illinois, with their own obligations, over and above the state obligation????
These morons in Illinois made their own beds. Let them lie in it.
No one forced them to live in a corrupt state. No one forced them to vote for crooks and democrats.
“Politicians say ‘more taxes will solve everything’.....and the band played on....”
Illinois Liberal politicians might view a property tax increase as a new government revenue stream from which they can spend yet more taxpayer money on more government pension increases and more “free” government services to the “needy”...
Years ago I turned down a nice company promotion because it would require me to move from the American south to CHICAGO!
THANK GOD!!!
Government manages things poorly, government seeks to steal cash from homeowners, homeowners say no.
LMAO. Right. And Illinois politicians will suddenly get religion and live within their means. No chance they will continue spending out of control, eh?
One word fits - NO!
I’ve got a better idea. Let’s take an additional 5% out of every public employee’s paycheck and put that into the Illinois pension fund.
Is there an exemption for rental properties Maybe the landlords will just eat it. For business properties? Well, that will just come off the top of the profits...
NOT.
Somewhere along the line the meaning of pension got changed from a stipend to assist in meeting expenses while not working to payment to continue a current lifestyle.
The states, cities, etc. That bought votes with wildly generous pensions are now going to have to do something. They have to go where people’s assets are. There are 3 places that they could go. The biggest for nany are the property taxes. Of course when taxes get too high, it is hard to sell them so the values will go down. The biggest place would try to tax 401K’s more (in other words, steal the retirement by playing a shell game). The problem is that they are based mostly on stocks that are at a all time High. The third is to just reduce the pensions. Any of the three will cause the pitchforks to come out. There will be a day of reckoning.
Reduce the pensions.
Electing Democrats always has huge consequences. It’s as dangerous as having random, unproected promiscuous sex in San Fransisco.
Are the people nuts, kidding or just plain stupid? I had no idea the Chicago Fed was so out of touch and clueless. This will be great for Illinois real estate prices... imagine the disaster this will cause.