Again?
How incompetent are Cook county officials? This incompetent:
Property tax bills usually sent out in July will once again be delayed, according to Cook County Board President Toni Preckwinkle.
Preckwinkle, who announced the two-month delay Tuesday, said she intends to reopen a no-interest loan program for government bodies that rely on the property tax revenue they now won’t get on time.
Suburban tax districts, such as schools and libraries, that would otherwise need to take out pricey short-term loans to cover their budgets can instead borrow from the county’s $300 million Property Tax Bridge Fund Program, Preckwinkle said. That program mirrors one put in place last year when tax bills were delayed four months due to a computer issue.
Guess who isn't eligible to participate in Prickwrinkle's program?
Chicago Public Schools, however, would not be eligible for that loan program. That could be a problem for CPS, which last year paid $220,000 in interest per day on short-term loans it took out to make payroll.
CPS officials said last year’s tax bill delay has forced them to take out at least $1.6 billion in short-term loans for operating expenses and another $246 million loan to keep its teachers pension fund solvent — making for $33 million in interest payments down the line.
Don't worry though - Conehead will figure out some way to stick it to Chicago taxpayers at the behest of his political masters.
This could be a good thing though - getting the tax bills so close to election season might remind people exactly why Chicago, Cook County and Illinois are in such bad financial shape.
It's the democrats.
Labels: county, money questions
posted by SCC at 12:01 AM
41 Comments:
Just why does Crook County have $300 million of OUR MONEY to loan out interest free? Let alone have $300 million of our money to fuck with?
CPS should consolidate some underutilized schools...save some cash. Blame it on Prickwrinkle
Was a great time to send that money to this shithole city right before Christmas last year. My poor kids lost presents cause of these idiots!
Fools
Keep voting democrat.
Vote No on every judge up for retention.
Oh but some are good—remember 90% were put there by the Boss Preckwinkle.
The voters stand for this crap.
So.
It's the juice, again?
You said it yourself in the article! Taxes, especially property taxes exist to provide the salaries, benefits and pensions of municipal employees. No mention of infrastructure, equipment, fuel, etc. We, the public, are basically a bank account to pay for someone else's great life.
well, let's see,,, the same democRATS will vote democRAT no matter how high the property tax bill because their politicians and liberal media will blame Trump
Which dumb shit bank lent them money?
What's the grift
It seems to me that whenever a certain demographic is in charge things get fucked up really fast.
Preckwinkle embodies incompetence as her legacy
Safe t act - let em go
CTU CPS - keep them dumb
ASA Foxx - set up lawsuits
BJ - destroy the city
RE tax - raise em
And steer money to incompetent friends and family all
Democrats accomplishments
How much per day is the city paying in the court ordered 5% in interest for the one-third OF A BILLION DOLLARS that is owed to the police for the FLSA overtime that they owe us???
More over, why is NO ONE even talking about this???
And how much did we spend on illegals, including their free medical.We paid into our pension. Illegals didn’t.
Whats the excuse for the delay this time?? The fix is in..keep voting ( D ).
This could be a good thing though - getting the tax bills so close to election season might remind people exactly why Chicago, Cook County and Illinois are in such bad financial shape. Fat chance
The only think that may wake up some on the knuckle dragging voters that reelect these morons are the Bears moving to Indiana, which I'm praying for. Most of these morons dont pay attention to anything concerning business and tax base leaving the state. Maybe then people will ask WTF, why?
Chicago will pull the same crap California is right now in their elections. All fraud ballots.
once again you can't fix STUPID it's forever teeeeeeee heeeeeeee
The Pritzker family has avoided $750M -$950M in property taxes on the Hyatt Regency McCormick Place. The Pritzker hotel empire billionaire tax avoidance scheme. Note this property is exempt from Cook County property taxes in a legal tax avoidance scam for 27 years totaling no less than three quarters of a billion dollars
https://x.com/BrianCostin/status/2064107306430701908
CPS was excluded so that a connected loan broker could get all those juicy fees.
Can anyone name 1 place that got better.
Hell no! Now Cook County queen, her majesty, Preckwinkle is defunding CPS schools. And no Cook County outfit juice loan for the failed Chicago Public School corporation for public money extortion. Time for a "No Queen" protest in front of the county building and in her uber wealthy Hyde Park community. No funding justice-no peace. Lets get organized CTU and SEIU!
We should have learned that from Idi Amin in Uganda.
It's not computer problems. They need more time to figure out how much they need. Believe me, as soon as they know they will raise taxes and send out the bills.
Taxpayers in Cook County are subjects to the realm. Dont worry, your in good company. Voters in Kalifornia and LA County just joined you.
True dat.
Theyz to bizzy argerin who job it be
As I wrote the other day, if you failed this much on your job......
This low bar seems to be the norm for some time! Pathetic!
You can poke them in the eye with a stick and they would still vote the way they are told. They are just plain stupid sheep and it’s up to CPS to keep them that way.
The smart ones that know they can get a larger investment return then dealing with a private company.
CPS / CPU are doing their best.
Been waiting 6 months for a property tax refund. Treasurer's Office has the PTAB ruling and everything. They've pushed back the payment date some 5 times already.
"It's Trump's fault...."
CPD ain’t ever gonna see any of that money, foolish to assume otherwise.
Does anyone miss Joe Barrios now. Say what you want to say about Joe, but he got the tax bills on time and never was late. The big complaint about Joe was he was giving big tax breaks to the owners of Loop Office buildings and Loop condo and apartment buildings. However, every year I would appeal my tax bill and every year I got them lowered by a considerable amount. I did not know anyone, I just appealed every year. Like I said, do you miss Joe.
Nothing new..Illinois has been doing it for yrs
I can’t even put into words how badly I hate CPS and CTU.
Good question, when are we getting that VRI back pay???
“Don't worry though - Conehead will figure out some way to stick it to Chicago taxpayers at the behest of his political masters.”
“The state is the great fictitious entity by which everyone seeks to live at the expense of everyone else.”
“For, today as in the past, each of us, more or less, would like to profit from the labor of others. One does not dare to proclaim this feeling publicly, one conceals it from oneself, and then what does one do? One imagines an intermediary; one addresses the state, and each class proceeds in turn to say to it: ‘You, who can take fairly and honorably, take from the public and share with us.’ Alas! The state is only too ready to follow such diabolical advice; for it is composed of cabinet ministers, of bureaucrats, of men, in short, who, like all men, carry in their hearts the desire, and always enthusiastically seize the opportunity, to see their wealth and influence grow. The state understands, then, very quickly the use it can make of the role the public entrusts to it. It will be the arbiter, the master, of all destinies. It will take a great deal; hence, a great deal will remain for itself. It will multiply the number of its agents; it will enlarge the scope of its prerogatives; it will end by acquiring overwhelming proportions.”
– Frédéric Bastiat, The Law
A large number of democratic voters aren’t worried about taxes because they don’t have to pay them.
Post a Comment
<< Home