[doug from upland]

The only solution is to renegotiate pensions. Maybe it will have to be done when the state declares bankruptcy.

[BeauBo]

Just as the mortgage tax deduction raised the value of real estate, this tax increase will lower the value of real estate.

They are siphoning off a big chunk of the population’s equity in their homes, and hoping that voters never realize that their pockets have been picked.

[wardamneagle]

Lets impose a tax on all property owners to bail out the f***ed up govt pensions because they payout 80-100% of salary at retirement.

[rjsimmon]

Virginia does something similar. They just call it “Personal Property Tax” and proceed to molest their citizens.

[reed13k]

If I remember correctly Illinois made the mistake of making the state pensions part of their State Constitution and every attempt in court has thus been lost when trying to adjust them in any way.

If I’m correct in that memory the only way they can address it would be through a constitutional modification.

https://will.illinois.edu/legalissuesinthenews/program/illinois-pension-system-and-changing-the-states-constitution

Section 5 here:
http://www.ilga.gov/commission/lrb/con13.htm

[Politically Correct]

The only solution is to renegotiate pensions. Maybe it will have to be done when the state declares bankruptcy.

Odd... I was thinking of lamp posts and rope.

[mewzilla]

Unless the state constitution prohibits it, and some do.

Only defense I can think of, and I hate to say it, is buy the least expensive home you can stand to live in if you’re fortunate to have a choice.

[HotHunt]

Renegotiate or default on the out-of-control public sector pensions and get rid of the democRATS running the show.

Problem solved.

[LongWayHome]

Your home is an ATM for city/state government so every town clerk, road worker & paper-pusher become millionaires. The town manager where I live makes almost 300k. His pension will be 80% of that figure.

[neverevergiveup]

“Homeowners with houses worth $250,000 would pay an additional $2,500 per year in property taxes, those with homes worth $500,000 would pay an additional $5,000, and those with homes worth $1 million would pay an additional $10,000.”

So, if your house is worth $250,000, and never went up in price, it will cost you an extra $75,000 to fund someone else’s pension. That sounds really fair....

[Tea Party Terrorist]

The Pensions are un-renegotiable. They are wholly irrevocable. They are etched into constitutional stone.

Even Math doesn’t stand a chance. They will be paid. By Taxpayers.

[1Old Pro]

The only solution is to renegotiate pensions. Maybe it will have to be done when the state declares bankruptcy.

Yes, given the corrupt pols and union bosses are long gone so suing them for damages won't happen.

[beethovenfan]

Last one to leave Illinois turn out the lights.

[BBell]

Illinois is a very good example as to why our forefathers came up with the electoral college.

[I want the USA back]

Where the f*ck are the people supposed to get the money from? We don’t have unlimited money, you penis inhalers. We don’t have it. Go get f*cked by a rhino.

[i_robot73]

>
The only solution is to renegotiate pensions.
>

You misspelled ‘eliminate’, maybe is was supposed to be ‘obliterate’.

[SES1066]

I am reminded of the legendary bank robber who, when asked why he robbed banks, had the simple reply of; “That is where the money is!” In this case, property is non-movable and taxable, thus it is where the money is! Too late to dig up the (mostly) Dem politicos who got the votes and won the elections by mortgaging the future selling bonds to pay that day’s ‘bribe!’

[MrBambaLaMamba]

Why they prohibit firearms.

[notaliberal]

Geeez! I wonder if the commie Mexican Legislature in California will pick up on this theft!

[WKUHilltopper]

How about making these state gods work free to pay for it?

[SES1066]

In the early 1990s, California and other states, started imposing their income tax on NONRESIDENTS who were receiving retirement income earned from when they were in-state residents. This was stopped in 1995 when the US Congress passed Public Law 104-95 that made such taxation illegal. I wonder if this would be reversed now as any law can be overturned by a new law.