GASP! A Tax Increase?
- Mayor Rahm Emanuel isn't ruling out seeking a way to raise Chicago Public Schools' property tax cap to help close the $1 billion deficit the district faces.
The mayor's comments came the day after his hand-picked school board president, David Vitale, was asked about the possibility of raising property taxes beyond the current limit and acknowledged that the district is talking with state lawmakers about several revenue options.
Asked Tuesday if such a move would be necessary, Emanuel said the district would continue to make the "tough calls" in cuts to the central office to free up money.
"We're not there yet," the mayor said of raising the property tax cap. He added that it was a "preliminary point" to be discussing an adjustment to the cap.
That just means they're figuring out the best way to sell it or conceal it. He hasn't said a word lately about the massive amount of money the city is going to have to come up with to fund the Police and Fire pensions in short order - and that's a State Law. Does anyone think that that isn't going to be another gigantic tax increase across the board?
Here's the link to Illinois's pathetic "recovery" - 1.9% and slower than the entire Great Lakes region, which means we're falling further and further behind.
Here's the link to Illinois's pathetic "recovery" - 1.9% and slower than the entire Great Lakes region, which means we're falling further and further behind.
Labels: money questions
posted by SCC at 12:04 AM
45 Comments:
Stop the welfare moms from having 6-8 kids and, presto.... problem solved
in 4 years, we'll need only a fraction of the preschool spots and it will continue throughout the CPS system over the next 2 decades.
I've been puttng it off, but I think it's time I started house hunting in Indiana. Our taxes are going to soar.
Anyone that thinks they actually OWN their property in Illinois is nutz.
Eminent domain laws mean that your property can be seized at any time.
All they have to do is to claim that the property is needed for the common good.
A person would be crazy to buy property in a place that is going bankrupt.
History lesson -- Assignat
France
Assignats were paper money issued by the National Assembly in France from 1789 to 1796, during the French Revolution. The assignats were issued after the confiscation of church properties in 1790 because the government was bankrupt. The government thought that the financial problems could be solved by printing certificates representing the value of church properties. These church lands became known as biens nationaux (“national goods”). Assignats were used to successfully retire a significant portion of the national debt as they were accepted as legitimate payment by domestic and international creditors. Certain precautions not taken concerning their excessive reissue and comingling with general currency in circulation caused hyperinflation.
Originally meant as bonds, they evolved into a currency used as legal tender. As there was no control over the amount to be printed, the value of the assignats exceeded that of the confiscated properties. This caused massive hyperinflation. In the beginning of 1792, they had lost most of their nominal value. In 1796, the Directoire issued Mandats, a currency in the form of land warrants to replace the assignats, although these too quickly failed.
This hyperinflation was stirred up by repeated food shortages. Instead of solving the financial problems, the assignats became a catalyst for (food) riots. Instability continued after the abolition of the monarchy, exacerbated by the wars France faced. This situation impeded the implementation of good financial policies that would reduce debts. Bills such as the Maximum Price Act of 1793 aimed to regulate inflation.
When the Directoire came into power in 1795 the Maximum Price Act was lifted. Hyperinflation reemerged and in the next four years Paris was the stage of yet more riots.
more >> http://en.wikipedia.org/wiki/Assignat
Stop putting the 255,000,000 into the TIFS Funds and shore up the pensions first. Then with the money from the Casinos, we'll be in the black. The city is no where near broke. That's why they always come up with silly shit to spend money on. The pays off political donors, family and friends thru contracts. Its all a ponzi scheme!
Make no mistake!
Rahm Emanuel is SATAN.
Our property taxes TRIPPLED last year and we're already in the process of moving way out to the country to get the hell out of this deteriorating cesspool.
Today we looked at a 2,100 square foot house on 2 wooded acres, northwest of Chicago - way out in the country and the estimate tax bill is only $4K per year.
No gangs, no gun shots, leave your windows open at night, save on air conditioning.
This nonsense of continuous cycles of raising property taxes to pay for education and law enforcement, which the City fathers continuously give away sports arenas has got to stop cause those of us who work for a living simply cannot afford to line their pockets any more!
Will the last one out of the City please light a match . . .
Keep on raising those taxes. I'm getting ready to walk away from this piece of shit house and then you can collect your taxes from the bank. Buying this piece of shit property in this shitty ass city was just about the worst mistake I ever made. Ridiculous gas prices, food prices on the rise, and taxes just keep on going up. The economic collapse is coming soon.
Guess raising taxes could solve the problem. How about dealing with animals collecting our taxes and not producing anything?
Of course he will raise taxes, he is a demorat isn't he?
You whine and cry about how the thieving politicians stole our fucking pension money for decades, then you cry about how we shouldn't have to be the ones to pay ourselves back the money they fucking stole from us, and then you cry about the only other means to pay that money back.
If you think the loss of cash to corruption and graft is going to cease in order to pay it back your nuts.
Grease money will never take a hit until just before bankruptcy, and only then because the new caretakers won't be locals trying to make a buck.
No gangs, no gun shots, leave your windows open at night, save on air conditioning.......
And no local jobs either....hence the low taxes.
You PAY to live near work, you PAY to live near shopping diversity, you PAY to live near diverse entertainment.
You want low taxes?
Go live in the forest by yourself. No one will hear you scream.
Guess raising taxes could solve the problem. How about dealing with animals collecting our taxes and not producing anything?
6/12/2013 03:37:00 AM
Sounds good. I propose six months of assistance. If you cannot stand on your own after that, you go in the wood chipper.
Stop giving out free breakfasts and lunches to kids that have no future. I took a brown paper sack with a sandwich and apple when I went to school.
Let's do some math here. Rahm obviously does not know how.
400,000 CPS students x $10 a day for free breakfast and lunch = $4 million a day
$4 million a day x 200 school days = $800,000,000 a year
$800,000,000 Rahm pays a year in free food (isn't mom and dad supposed to feed their own kids)?
There is your budget shortfall!!!
If Rahm raises taxes more taxpayers will LEAVE Chicago.. why does he not understand this??
So glad we retired & moved out of Chicago, Il where we were paying almost $5800 for a two bedroom, one bath home in Norwood Park to our 20 acre, four bedroom, two bathroom + guesthouse & barn out of state and now paying $1900 in taxes/year!! F%$k Rahm Emanuel & Chicago and get out while you can ~ the grass is really greener over the state line!
If CPS is going to ask Chicago homeowners and businesses to help them in their deficit again, then isn't it time for CPS to ask their 'need basis subject area' teachers/staffers to 'Choose Chicago', move to Chicago, and help Chicago's economy?
And, if the numbers the Chicago Tribune posted regarding CPS staffers losing their jobs at (49) closing schools are accurate:
(1930 Total Positions to be Lost)
810 in various teaching subjects
330 in Special Ed.
60 in Counseling)
+ the 15-25 jobs going to be lost because of recent budget cuts due mainly to $400M-$600M CPS needs to be in the teacher's pension fund.
Isn't it time CPS admitted there isn't a 'need basis' anymore and force teachers currently allowed to live outside Chicago to live in Chicago to support Chicago's economy?
Is there really a 'need' anymore if 1200 CPS teachers/staffers, including many working in areas which many are deemed 'need basis', are out of work?
It's been reported anywhere from 15%-20% (3000-4000) of CPS teachers/staffers are allowed to live outside Chicago because they work in 'need basis subject areas'. And, at an avg. CPS teacher salary of $72K/yr, that's between $216,000,000 - $288,000,000/yr. worth of CPS salaries to be spent in another city's economy.
And, if you add in the 15%-20% (3000-4000) of CPS teachers/staffers who are grandfathered in with the old CPS Residency Policy and allowed to live outside Chicago, that's another $216,000,000 - $288,000,00 in CPS teacher salaries being used in another city's economy.
That's a staggering $432,000,000 - $576,000,000/yr. of CPS teachers'/staffers' salaries to be used outside of Chicago's economy.
So, think about the 6000-8000 CTU members living outside Chicago when you're paying your Chicago taxes.
Any normal person who has money in their let pocket for, oh let's say a tattoo and no money in their right pocket for baby food, moves the money. Politicians and others say they can't afford the necessities because the money is allocated for a certain purpose, no matter how silly. They're not crazy, at least the politicians, they're thieves.
The teachers union needs a little more food on the table.
How about dealing with animals collecting our taxes and not producing anything?
6/12/2013 03:37:00 AM
stop voting for them.
Nostradamus said...
Make no mistake!
Rahm Emanuel is SATAN.
6/12/2013 01:24:00 AM
satan's ass pimple, maybe.
Once again, the Front Punk for B.J. Clinton and BO is spinning and winning! This is a ploy to squeeze more cash out of the taxpayers and to blame it on the Teachers Union. Tax Paying citizens' anger will be steered toward tax paying forced to live in Chicago teachers, while the parasites who waste tax funds escape culpability. Those parasites are Democrat Politicians and Welfare Queens.
real estate taxes are very low in the city compared to the burbs. Get set for massive increases in the coming years to pay for the pension and benefits shortfalls for city employees and teachers.
What a joke. Spend millions on bike routes only he wants. Millions on a river walk, millions for De Paul etc etc etc, Put the TIF money (alderman's slush fund) back in the general fund and the budget is balanced. The old politicians took a small piece of the pie. These guys took the whole pie and the tin.
Here is a great idea Mayor Emanuel:
Since you consolidated our police districts down from 25 to 23 districts, 3 areas and the police force now has a reduced staff and several jobs have been eliminated (police brass included which I applaud you for) how about consolidating the fifty aldermanic wards next? I am sure the aldermanic wards cut use a "haircut" too.
Let's not have a park named after Maggie Daley. Here is an idea: Let's give Maggie an honorary street instead. It seems everyone in Chicago has an honorary street named after them nowadays. I must be the only one without a street named after my family. (By the way how do I get one?)
After all, the Daley family already have an elementary school named after them in district 009, the court house, Daley Plaza, a community college at 76th and Pulaski Rd. and I am sure I am missing other things named after the Daley family. Just do like Rich did to Meigs field; leave Maggie Daley Park a field of grass and put up a sign with her name on it. Furthermore what they hell did she do besides be Rich's wife to deserve an honorary park? Anyhow...
just a few ideas for you since you asked for ideas from your constituents.
If the mayor is closing 50
public schools why does he
need to raise property taxes
for schools ? The nasty little secret is that the
resulting charter schools
will need more money to
sustain themselves and their
corporation run by the Juan
Rangel combine and that money ain't gonna come from
rahm's TIFF funds. It will
come from taxes and some help from gov. pat "the state has no money" quinn.
Why did he at the last minute decide that Rangel is a good guy after all and decide to give his group money to build the soccer high school while everything
else goes lacking due to a
shortage of state money.
quinn and rahm are pricks.
The taxes on my pretty loft is cutting into my Starbucks money already.
No keeses for them.
solution to weasel rahm....increase taxes....fucking bitch!!!!!! nuff said
I too am planning a move out of state. I can't imagine how much worse it will get when the sheeple elect Billy Daley or Little Lisa Madigan into office. I've been searching property in Indiana, TN, Montana, the Big Island of Hawaii. It is AMAZING how much land you can get for little money. I'm out of here in 2 years tops. Between the taxes and the gangs, the homeless/mentally ill roaming downtown, it's just not worth it to be here any longer.
Further confirmation the U.S. economic "recovery" isn't as strong as many in Washington, the Fed, and the mainstream media would like to you believe comes from no other than the Chicago Tribune's Gail MarksJarvis this morning. On the prospect of rising interest rates, the personal finance columnist wrote:
"The Federal Reserve and other central banks around the world have been trying to stimulate growth since the 2008 recession, but after all the effort, the global economy remains lackluster. The weakness presents the risk that higher rates could stifle growth when there is little to stifle in the first place."
http://www.chicagotribune.com/business/yourmoney/ct-biz-0612-gail-20130612,0,534531.column
Lets review children, rahmster said:
1) I'll select a superintendent from within the ranks of CPD
2) I will not raise taxes
3) I will hire more police officers (fact check please)
He lied on every account!
He has brought in more people from outside of Chicago than any other administration, we must have a void of leadership
Rahm has to figure out some way to fund the teachers pension!
Chicago Tribune "But that so-called holiday is about to expire and next year payments were expected to soar to more than $612 million. The Emanuel administration has said that ballooning pension obligation was a major factor in a $1 billion CPS budget deficit for next year."
http://articles.chicagotribune.com/2013-05-31/news/chi-quinn-vows-to-veto-cps-pension-holiday-bill-20130531_1_pension-reform-northbrook-democrat-cps
Anonymous said...
No gangs, no gun shots, leave your windows open at night, save on air conditioning.......
And no local jobs either....hence the low taxes.
You PAY to live near work, you PAY to live near shopping diversity, you PAY to live near diverse entertainment.
You want low taxes?
Go live in the forest by yourself. No one will hear you scream.
6/12/2013 05:01:00 AM
Forest? Looks like you've never been out of Shitcago. Keep drinking the kool-aid fool.
Anonymous Anonymous said...
Stop giving out free breakfasts and lunches to kids that have no future. I took a brown paper sack with a sandwich and apple when I went to school.
Let's do some math here. Rahm obviously does not know how.
400,000 CPS students x $10 a day for free breakfast and lunch = $4 million a day
$4 million a day x 200 school days = $800,000,000 a year
$800,000,000 Rahm pays a year in free food (isn't mom and dad supposed to feed their own kids)?
There is your budget shortfall!!!
If Rahm raises taxes more taxpayers will LEAVE Chicago.. why does he not understand this??
6/12/2013 06:04:00 AM
Free meals are Federally funded. No meals, no money. That funding can't be used for pensions, books or anything else.
real estate taxes are very low in the city compared to the burbs. Get set for massive increases in the coming years to pay for the pension and benefits shortfalls for city employees and teachers.
6/12/2013 09:00:00 AM
You have to be Rahm or one of his bootlickers. I don't know anyone in my circle in the burbs paying more in property taxes.
I do know they have much better schools, their streets are clean, their politicians don't go to jail with any regularity and they are content for the most part.
This City is great if you don't count the politicians. I like the wood chipper idea.
Fuckin neuter, spade, castratrate or remove ovaries of these useless fuckin people. Problem solved. HUH?
If the mayor is closing 50
public schools why do we need 50 Aldercreatures?????????????????
We all had some idea but here is an author who is really telling it like it is with regard to our healthcare and Obama buddy "Blackhawk" aka Rahm E.
Author Betsy McCaughey on the government’s efforts to move retirees onto the president’s health-care plan "BEATING OBAMACARE".
Listen to her on Fox. She confirms what cities and states plan to do at, of course, increased cost to taxpayers federally. The only beneficiaries are the Politicians who don't have to own up to the greed and theft resulting in unfunded liabilities. Once again, seems to be a resounding theme with Politicians, especially Democrats...
NO ONE IS RESPONSIBLE!!! Arrgghh.
signed,
Tired of Politicians
You have to be Rahm or one of his bootlickers. I don't know anyone in my circle in the burbs paying more in property taxes.
I do know they have much better schools, their streets are clean, their politicians don't go to jail with any regularity and they are content for the most part.
This City is great if you don't count the politicians. I like the wood chipper idea.
6/12/2013 07:11:00 PM
Your circle must live in Harvey. I retired from the city employ and moved to burbs. My property taxes doubled and I also pay for trash, heavy water and sewer bills. So, my friend you really do not know what you are talking about. yes, if you have kids in high school you will save lots of cash sending them to suburban HS, but these schools are not what you think they are. They have more then their share of drug use. What they don't have is gang shootings, or very few of them. No, I am not one of the mayors bootlickers. Check your facts on the tax rates in the burbs compared to the city. The areas paying the least property taxes in the city all fall in black and brown areas. Paying 6-10 grand a year in property taxes in the south burbs is not unusual. Will county is much higher then that along with Dupage and lakecounty.
Real bad news here: http://www.philadelphiafed.org/research-and-data/regional-economy/indexes/leading/2013/LeadingIndexes0413.pdf
IL is doing OK.
I’m moving out of Hellinois this year. My relatives will be following
behind me next year. In casual conversation with people I ran into
on the street, I was shocked at the amount of people leaving this state.
The south suburbs suffered when Katrina refugees were relocated there.
The good people are now seeing the effects of that.
Next on the list is relocating Syrian refugees to the USA, Illinois is on ‘the list’.
Pay attention., and make your plans when you are able to.
Our property taxes TRIPPLED last year and we're already in the process of moving way out to the country to get the hell out of this deteriorating cesspool.
If your property taxes trippled last year, you must have been paying 1/3 of what your property taxes should have been.
No ones property taxes trippled lasyt year and if they did it was because the assessment trippled and that could be successfully appealled at the assessors office and board of tax appeals
Paying 6-10 grand a year in property taxes in the south burbs is not unusual. Will county is much higher then that along with Dupage and lakecounty.
6/13/2013 08:36:00 AM
6-10 is what we are paying up here. I have looked into it and there are plenty of areas with great schools outside Chicago and they pay less in taxes.
I am not complaining about the City. I made my choice a long time ago. I am unhappy the politicians are stealing with both hands and placating the dregs of society to keep themselves in power. They are ruining this City and they know it. They just don't care.
They will have stolen their money, lived their comfortable lives surrounded by their sycophants and set their kids up for their lives somewhere else.
With honest people in charge, our tax dollars would make this town Nirvana. Instead, we have Detroit South.
You have to be Rahm or one of his bootlickers. I don't know anyone in my circle in the burbs paying more in property taxes.
I do know they have much better schools, their streets are clean, their politicians don't go to jail with any regularity and they are content for the most part.
This City is great if you don't count the politicians. I like the wood chipper idea.
6/12/2013 07:11:00 PM
Your circle must live in Harvey. I retired from the city employ and moved to burbs. My property taxes doubled and I also pay for trash, heavy water and sewer bills. So, my friend you really do not know what you are talking about. yes, if you have kids in high school you will save lots of cash sending them to suburban HS, but these schools are not what you think they are. They have more then their share of drug use. What they don't have is gang shootings, or very few of them. No, I am not one of the mayors bootlickers. Check your facts on the tax rates in the burbs compared to the city. The areas paying the least property taxes in the city all fall in black and brown areas. Paying 6-10 grand a year in property taxes in the south burbs is not unusual. Will county is much higher then that along with Dupage and lakecounty.
6/13/2013 08:36:00 AM
So, your taxes did NOT triple.
You chose to purchase property in an area where the taxes ARE triple what you used to pay in the City.
My doctor says he pays $25k in property taxes/year and 3/4 of it goes to teacher's pensions up there.
But he has $100 million for Depaul and the riverwalk...closed 50 schools to save money and just laid off 850 teachers/staff.....
Anonymous Anonymous said...
My doctor says he pays $25k in property taxes/year and 3/4 of it goes to teacher's pensions up there.
6/14/2013 05:52:00 AM
Some suburbs pay their teachers very well. In exchange, they get the best teachers and the children get the best educations. And the doctor's children become doctors and statesmen and heads of big corporations. And, yes; pensions are tied to those salaries.
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