[il-talk] {Disarmed} Chicago Real-Estate tax burden

Tue Nov 3 22:30:00 UTC 2015

Good afternoon everyone,

I thought this might be of interest to those members that live in Chicago, but could also impact all residents in the state if the Chicago Mayor gets his way. Which so far is not too likely, but only time will tell.

> Begin forwarded message:
> 
> From: Ted Dabrowski <tdabrowski at illinoispolicy.org>
> Subject: burden
> Date: 2015October 26 at 14:50:08 CDT
> To: <gregg at ricis.com>
> Reply-To: <us1-5972dc34b5-1ad1fb587f at conversation01.mailchimpapp.com>
> 
>  <http://illinoispolicy.us1.list-manage2.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=3ebc5fef3f&e=4efa5d9190>
> Proponents of property-tax hikes in Chicago say the city's property taxes are low and residents can afford to pay more. 
> 
> What they fail to mention is that, compared to other major cities across the U.S., Chicago’s property taxes are 10th highest for residential properties and the third highest for commercial properties <http://illinoispolicy.us1.list-manage.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=8a6a9a6192&e=4efa5d9190>.
> 
> Tax-hike proponents have also failed to acknowledge the multitude of other local taxes that already make Chicagoans the most-taxed residents of any major city in Illinois. 
> 
> Though Mayor Rahm Emanuel is crying poor, but the city’s budget shows Chicago has never had more money to spend. In fact, the city has over $1 billion in additional revenue today when compared to what it would have if Chicago’s revenue had grown at the rate of inflation over the past 20 years.
>  
> Chicago relies heavily on myriad taxes and fees. One of the most painful for residents is the city's sales tax, which is slated to become the highest in the nation <http://illinoispolicy.us1.list-manage2.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=a587fb4961&e=4efa5d9190> on Jan. 1, 2016, when the rate jumps to 10.25% from 9.25%.
>  
> In addition to the city's burdensome sales tax, Chicagoans face more than 30 additional taxes and fees. Here are some of the most egregious examples:
>  <http://illinoispolicy.us1.list-manage.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=4f034b6dbc&e=4efa5d9190>
> Before the Chicago City Council votes to raise taxes even higher than they are today, it must address the imbalance in the city’s fiscal situation by focusing on the other side of the ledger. The City Council must find ways to reduce expenditures and reform the way Chicago operates. Moving new city workers into 401(k)-style retirement plans and opening up city contracts to find additional reforms is a vital first step in that process.
>  
> Ultimately, the city needs to look for ways to deliver governmental services more efficiently and to reduce the tax burden on its residents. 
> 
> Ted Dabrowski
> Vice President of Policy
>  <http://illinoispolicy.us1.list-manage1.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=df5696da3d&e=4efa5d9190>	Share <http://illinoispolicy.us1.list-manage2.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=b2475e6d9f&e=4efa5d9190>
>  <http://illinoispolicy.us1.list-manage.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=c1241f8cc9&e=4efa5d9190>	Tweet <http://illinoispolicy.us1.list-manage.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=3ee718202c&e=4efa5d9190>
>  <http://us1.forward-to-friend.com/forward?u=7fe208d3c85ffa1d03aeaade4&id=d0990bec13&e=4efa5d9190>	Forward <http://us1.forward-to-friend.com/forward?u=7fe208d3c85ffa1d03aeaade4&id=d0990bec13&e=4efa5d9190>
>  <http://illinoispolicy.us1.list-manage2.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=3c56fccbb7&e=4efa5d9190>
> Keep up <http://illinoispolicy.us1.list-manage1.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=7e712890db&e=4efa5d9190>
> Illinois would have 84,000 more manufacturing jobs had it kept up with neighboring states
> Read more <http://illinoispolicy.us1.list-manage.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=32b624edcd&e=4efa5d9190>
>  <http://illinoispolicy.us1.list-manage2.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=93e9751fe5&e=4efa5d9190>
> Jobs report <http://illinoispolicy.us1.list-manage.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=8f023af8dc&e=4efa5d9190>
> Illinois businesses laid off thousands of blue-collar workers in September
> Read more <http://illinoispolicy.us1.list-manage1.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=3df2c59674&e=4efa5d9190>	
>  <http://illinoispolicy.us1.list-manage.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=23cafd60a0&e=4efa5d9190>
> Model for Illinois <http://illinoispolicy.us1.list-manage1.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=3163094dd3&e=4efa5d9190>
> 4 criminal-justice reforms from U.S. public-safety leaders
> Read more <http://illinoispolicy.us1.list-manage.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=e27ed6b3d7&e=4efa5d9190>
>  
>  <http://illinoispolicy.us1.list-manage.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=0faea338c5&e=4efa5d9190>
> Support Illinois taxpayers <http://illinoispolicy.us1.list-manage1.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=a37e3dd40b&e=4efa5d9190>
> Donate $15, and we'll send you a "We support Illinois taxpayers" yard sign
> Donate today <http://illinoispolicy.us1.list-manage.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=32417a2374&e=4efa5d9190>	
>  <http://illinoispolicy.us1.list-manage.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=665f1e11b4&e=4efa5d9190>
> Downgrade <http://illinoispolicy.us1.list-manage.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=e82170544d&e=4efa5d9190>
> Moody’s hits Illinois with credit downgrades
> Read more <http://illinoispolicy.us1.list-manage.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=5562cad24a&e=4efa5d9190>
>  
>  <http://illinoispolicy.us1.list-manage.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=e40e77b084&e=4efa5d9190>
> Cost <http://illinoispolicy.us1.list-manage1.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=c07726354a&e=4efa5d9190>
> The high cost of recidivism
> Read more <http://illinoispolicy.us1.list-manage.com/track/click?u=7fe208d3c85ffa1d03aeaade4&id=1678dcd078&e=4efa5d9190>
> 
> 
> 
> 
> 
> 
> This email was sent to gregg at ricis.com <mailto:gregg at ricis.com> 
> why did I get this? <http://illinoispolicy.us1.list-manage.com/about?u=7fe208d3c85ffa1d03aeaade4&id=0f5a22f52c&e=4efa5d9190&c=d0990bec13>    unsubscribe from this list <http://illinoispolicy.us1.list-manage1.com/unsubscribe?u=7fe208d3c85ffa1d03aeaade4&id=0f5a22f52c&e=4efa5d9190&c=d0990bec13>    update subscription preferences <http://illinoispolicy.us1.list-manage.com/profile?u=7fe208d3c85ffa1d03aeaade4&id=0f5a22f52c&e=4efa5d9190> 
> Illinois Policy · 190 S. LaSalle St. · Suite 1500 · Chicago, Illinois 60603 · USA 
> 
> 

"Happiness is not the absence of problems; but the ability to deal with them."
                                    						    Steve Maraboli

The National Federation of the Blind knows that blindness is not the characteristic that defines you or your future. Every day we raise the expectations of blind people, because low expectations create obstacles between blind people and our dreams. You can have the life you want; blindness is not what holds you back. 

Please text the word BLIND to 85944 to donate $10 to the NFB Imagination Fund via your phone bill.

--
73' & 75'
Gregory D. Rosenberg (AB9MZ)
gregg at ricis.com

RICIS, Inc.
7849 Bristol Park Drive
Tinley Park, IL 60477-4594
http://www.ricis.com

+1 708-267-6664 Cell 
+1 708-444-2690 Office
+1 866-RICIS-77 Office (U.S. and Canada)
+1 708-444-1115 Fax (Call first)