Posted on 03/18/2014 12:30:48 PM PDT by John Semmens
With pensions for retired municipal employees exceeding City resources by an estimated $7,000 per household, Mayor Rahm Emanuel has warned residents that he may have to double their property taxes to cover these costs.
The mayor admitted that “doubling the property tax would hit a lot of people hard, but the alternative of cutting back on the benefits we pay to our retirees is unthinkable. Remember, these are people who have dedicated their careers to serving the citizens of this city.”
Emanuel argued that “extracting another few thousand dollars from each home owner seems the more tolerable option. I mean, a tax on property falls on those who are well enough off to be able to afford home ownership. They are people of means who must step up to help the city in its time of need.”
Those familiar with the city’s finances are said to see a doubling of the property tax as “only a temporary fix.” “The city’s fiscal burdens have been allowed to grow uncontrolled for so long that bankruptcy is virtually inevitable no matter what the mayor may do to try to avert it,” said a city inside source who asked that his name be withheld. “The main objective at this point is to protect the mayor’s future political viability for some other office—governor, maybe, or president—by staving off the collapse until he’s moved on to greener pastures. Let the next Mayor bear the burden of foreclosing on property owners who default on tax bills they can’t pay.”
if you missed any of this week's other semi-news/semi-satire posts you can find them at...
http://azconservative.org/2014/03/15/president-admits-obamacare-will-block-access-to-many-doctors/
I’m thinking Illinois is going to be legalizing them some weed pretty soon, once they get a whiff of the potential revenue.
or cut the pensions
They already retired. This is one reason why the Post Office is forced to pre-pay pensions before people retire. I think all places should have to do this. That way this will never happen. How much do people pay in property taxes now? I know I pay 6600 a year in Maryland so if I would have to pay 13,200 because the stupid government messed up by not being prepared for the retirees, I would be upset with the government big time. I would still be able to handle the increase, but there would be some personal goodies that were cut that is for sure.
Well heck...it didn’t seem satire to me.
if you make less than the highest paid pensioner, your taxes should not be raised.....I don’t want to pay more to maintain a person who makes more than I do.
gubmint, not guvmnt. Get it right!! :-)
Not only are they making more then you, they more then likely retired at age 55 if they were police or fire.
“...but the alternative of cutting back on the benefits we pay to our retirees is unthinkable.”
Why?
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