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Cook County Tax Bills
Show Municipalities’ Debt

CBS Chicago, by Jay Levine

Original Article

Posted By:AltaD, 1/25/2013 10:53:58 PM

Real estate tax bills will be on the way tomorrow for Cook County residents, many of them containing the cold, hard truth about where we stand. And it isn’t pretty. Chief correspondent Jay Levine has been crunching the numbers all day, after CBS 2 broke the story last night, to find out how bad things are. Taxing bodies most people probably never heard of, let alone realized they were responsible for a big part of your property taxes. They build and run libraries and schools and parks. Some of which you didn’t need or couldn’t afford, but you’re paying for

      


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Reply 1 - Posted by: doctorfixit, 1/25/2013 11:17:54 PM     (No. 9139838)

Zero sympathy for residents of NY, NJ, IL, or MA, as they voted Democrats into office. Of course, there isn´t much alternative, because GOPs in those states are practically indistinguishable from Dems.

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Reply 2 - Posted by: KTWO, 1/26/2013 12:27:04 AM     (No. 9139899)

Good to see CBS Chicago actually noticing how bad the situation is.

However I see no way out except bankruptcies for many local governments and other agencies such as sanitation districts. And every state handles those differently.

Every possible bail-out scheme will be proposed first. Getting money from others is a popular lifestyle.

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Reply 3 - Posted by: Topic Thunder, 1/26/2013 2:10:34 AM     (No. 9139959)

I like the way article is written, you´d think the various agencies had mysteriously some how overspent on paperclips and bottled water, but by the way, there´s those pesky unfunded pension liabilities, they might by a factor but we´re unsure and we´re so confused.

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Reply 4 - Posted by: Trigger2, 1/26/2013 6:04:45 AM     (No. 9140031)

Too bad there wasn´t a line to show all the damage union greed caused.

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Reply 5 - Posted by: Spidey, 1/26/2013 6:17:16 AM     (No. 9140040)

The whole issue of taxes is in a weird situation right now.Obama started this ridiculous redistribution theme to reel in a huge block of voters and it sure as hell paid off for him in both the elections.Obviously it hasn´t worked with more people in poverty,wage gap getting bigger and millions of un and underemployed people,not to mention $6 trillion in new debt. The left uses debt as an excuse to raise taxes after they go on spending sprees.

There´s institutional liberal debt due to overly generous government unions benefits.

But there´s also a subterranean angle on taxes which is leading to population shifts to lower tax states like Fl. and Texas.We know cal. is the best example of a people and business exodus.

Blue state liberals are so addicted to tax and spend policies,they can´t see the self destruction going on right before their eyes.

You have to love the hilarity of Obama supporters getting tax increases while rich people barely got slapped and you have to make $400,000 to even qualify for that.I can see people in this income area asking for pay cuts rather than see Obama get their extra taxes.

The disconnect I don´t get is there´s a lot of outrage going on across the country on taxes but republicans are still scorned by the public even though they´re against taxes up until the cliff cave in.My guess is the government will see less than half of what their projections will supposedly bring in from the cliff deal.

The other disconnect I don´t get is Obama is the head snake on tax increases but still has a 50% approval and the media calls him a popular president.

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Reply 6 - Posted by: cartcart, 1/26/2013 6:39:24 AM     (No. 9140064)

According to Paul Krugman they should continue as they are and make it up on volume.

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