Showing posts with label Property tax. Show all posts
Showing posts with label Property tax. Show all posts

Thursday, January 26, 2017

State Address 2017 – Illinois

Bruce Rauner State of the State Address 2017
Illinois leaders plan to put 3% surcharge on millionaires (do we have any millionaires in Illinois anymore?) while raising personal income tax rate on every hard working person in Illinois back to an all-time high of 5.25 percent and a corporate income tax hike up to 9.5 percent. That should really make people want to stay in Illinois!

Sen. Weaver

Michael Madigan
Question – Is Madigan the Governor or is Rauner?

Madigan doesn't want to cause pain on taxpayers but that is exactly what is he doing with his political games.



Monday, March 14, 2016

Taxpayers pick up tab

This is one of the many reasons why Mr. Trump is so popular - taxpayers are tire of paying for someone else live when they themselves are struggling to get by. 


Under Mayor Richard M. Daley, the city of Chicago chipped in $19 million to build Sky55, a 40-story apartment building that was part of City Hall’s plan to redevelop the South Loop neighborhood where Daley lived.  Now, the city’s taxpayers are paying to help fill the privately owned building.

They’re helping to cover the rent for people in the Chicago Housing Authority’s housing choice voucher program, formerly known as Section 8, to lease 28 apartments in the tower. Four of those apartments, each with sweeping skyline views, are leased by CHA voucher-holders at rents of $2,730 to $3,199 a month.

Taxpayers pick up the entire tab for two of those apartments because, the CHA says, the tenants have no income.  Public funds also cover more than half the rent payments on the other two units. 

Read more......

It’s an expensive effort, costing more than $47 million a month, with the federal government picking up $35.9 million of that and CHA tenants paying the rest.  But the program is riddled with inequities, the Sun-Times and BGA found. Among them:
 
The CHA pays for some to live in high-rent, luxury properties, largely in upscale neighborhoods that are predominantly white.  Many of them contribute little or nothing toward their rent.  On the other hand, thousands pay far more and remain clustered in poor, black neighborhoods on the South Side and the West Side.

Of those receiving a voucher, 298 are leasing apartments, townhouses and single-family homes that cost $2,000 or more a month.  The CHA spends a total of $7.5 million a year on those units, ranging from spacious homes to condos in skyscrapers.  Taxpayers cover a higher percentage of the total rent for voucher-holders in two downtown wards than anywhere else: 87 percent in the 42nd Ward and 83 percent in the 2nd Ward.

Read more......



 

Thursday, March 27, 2014

Great way to start a campaign

Property Taxes Icon
Property Taxes Icon (Photo credit: danielmoyle)
True to form Democratic Gov. Quinn announces that they indeed lied when they said the property tax increase was only temporary - only Democratic Madigan would call this courageous. And why not ! Obama has been doing this sort of thing for a long time and look where he is – in the White House – with no fear of anybody doing anything about it.

The amazing thing about this whole thing is how many Illinoisans will be okay with this and cast a straight vote for Democrats.

Madigan is calling for higher taxes on our job creators- a 3% hike, so he can generate $ 1 billion, ignoring the fact that by the time that so called #temporary property tax sunsets on January 2015 they will have collected $31 billion – for ? The school pension has increased to $613 million – with no end in sight. It's all for the children! It's all for the children!

About the only thing anyone can believe is that when Democrats say one thing – it is the opposite.

As they continue to debate what to do and tell us they need to raise taxes and fees to balance their budget – guess what – Illinoisans need a break from taxes to balance their budgets.