Forrest Claypool

Chicago Property Taxes Hiked As School Budget Passed

There are so many new and increased fees, fines, and taxes being proposed and implemented around the Chicagoland area these days, it’s hard to keep track of all of them. But here’s one Chicago tax hike that’s just been approved that’s making local headlines. Juan Perez, Jr., reported on the Chicago Tribune website last night:

Mayor Rahm Emanuel’s school board on Wednesday unanimously approved a budget that relies heavily on borrowed money and the hope of a nearly $500 million bailout from a stalemated Springfield, with the specter of disruptive cuts in January if that help fails to materialize.

The $5.7 billion spending plan contains another property tax hike — an estimated $19-a-year increase for the owner of a $250,000 home — as well as teacher and staff layoffs. The Chicago Board of Education also prepared to go to Wall Street to issue $1 billion in bonds and agreed to spend $475,000 so an accounting firm can monitor a cash flow problem so acute that Chicago Public Schools mulled skipping a massive teacher pension payment at the end of June…

(Editor’s note: Bold added for emphasis)

My old neighbors on the city’s Northwest Side, in their single family homes that are selling just south of the $350K-mark on average these days, probably aren’t too thrilled to hear about this latest tax hike.

Oh, but it gets “better.” Perez added:

To help patch over a budget gap the district said exceeds $1.1 billion, CPS raised its property taxes to the maximum amount allowed under state law. But CPS may not be done — [Chicago Public Schools chief Forrest] Claypool has floated the idea of restoring a property tax levy dedicated to teacher pensions that would generate an estimated $170 million

(Editor’s note: Bold added for emphasis)

Keep in mind this is just the school’s portion of the Chicago property owner’s tax bill we’re talking about here.

Once again, a couple of bucks here, a couple of bucks there, and all these new and increased fees, fines, and taxes from various levels of government will have Chicago taxpayers going bonkers soon enough.

And Illinois taxpayers- note that bit about:

The hope of a nearly $500 million bailout from a stalemated Springfield…

You too could be on the hook for this debacle.

Head on over to the Chicago Tribune website here to get the full story on this latest tax hike.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Thursday, August 27th, 2015 Bailouts, Debt Crisis, Deficits, Education, Entitlements, Fiscal Policy, Taxes Comments Off on Chicago Property Taxes Hiked As School Budget Passed

Chicago Public Schools Budget: Property Taxes Hiked To The Max

“Property tax hikes.” Something Chicagoans better get used to hearing in the coming years. Hal Dardick, Heather Gillers, and Juan Perez, Jr., reported on the Chicago Tribune website last night:

Chicago Public Schools unveiled a budget Monday meant to pressure Gov. Bruce Rauner and state lawmakers into providing nearly a half-billion dollars in pension relief, a gambit school officials warn will bring painful cuts if help doesn’t arrive by Jan. 1.

In addition to help from the state, the $5.7 billion operating budget relies on extensive borrowing, an influx of tens of millions in dollars in surpluses from special city taxing districts and an increase of the district’s property tax

To help patch over a budget gap the district said exceeds $1.1 billion, CPS will raise its property taxes to the maximum amount allowable — resulting in a $19 tax bill bump for the owner of a $250,000 home, the district said — while pushing $200 million in debt into the future…

(Editor’s note: Bold added for emphasis)

$19 here, a few bucks there, and pretty soon all these “bumps” start to add up, leading to mass frustration among Chicago taxpayers. And’s this particular increase isn’t a one-off either. From the Tribune piece:

And if Springfield does comes through — which is far from a sure thing — [Chicago schools chief Forrest] Claypool said the district would still need concessions from unions and larger tax hikes in years to come to keep up with the cost of ballooning pension payments…

(Editor’s note: Bold added for emphasis)

Like I said, “mass frustration.”

At what point does it all boil over?

Chicago taxpayers should probably read this article in its entirety to get a clearer picture of what looks to be in store for their pocketbooks in the near future and farther down the road. You can find the piece on the Tribune website here.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Tuesday, August 11th, 2015 Borrowing, Debt Crisis, Deficits, Education, Entitlements, Fiscal Policy, Government, Taxes Comments Off on Chicago Public Schools Budget: Property Taxes Hiked To The Max

Chicago Train Passengers Robbed At Gunpoint

“The National Rifle Association backs conceal-carry being extended to public transportation. Now the Chicago Transit Authority is weighing in, saying, ‘No way.’

The Chicago Transit Authority carries 1.6 million riders a day. The National Rifle Association says those riders should have the right to carry guns on board busses and trains under any Illinois conceal-carry law…

“We think it would be disastrous to allow passenger to carry concealed weapons on our trains and buses,” said CTA President Forrest Claypool.

Claypool said Thursday that the transit agency would fight all attempts to allow gun-carrying passengers on board trains and buses, even if legislators allow drivers to have guns in their personal vehicles…”

-Chuck Goudie, ABC 7 Chicago website, February 21, 2013

I’ll bet Survival And Prosperity readers could have guessed what was coming down the pipeline for the CTA.

The Chicago news media is reporting that a number of Chicago Transit Authority train passengers fell prey to armed robbers late this afternoon. Carlos Sandovi wrote on the Chicago Tribune website:

Two men armed with guns robbed several people on the Orange Line CTA train this afternoon, police said.

The armed robberies occurred at 4:15 p.m. as the train was between the Halsted Street and Roosevelt Road stops on the Orange Line, said Chicago Police News Affairs Officer Thomas Sweeney.

The men, whose descriptions were not immediately available, went into a train car on that line and announced an armed robbery, said Sweeney.

They robbed several people and fled with items when the train arrived at the Roosevelt stop, police said…

(Editor’s note: Bold added for emphasis)

I thought CTA trains were supposed to be “gun-free” zones? As a matter of fact, it says so right here on their website.

“Gun-free” zones. What a cruel joke. Glad to hear the passengers made it through the ordeal okay, considering one of them reportedly resisted (successfully) being robbed.

She’s lucky, if you ask me. More-hardened criminals might have turned to violence to make an example out of her for the others.

Hope the police catch these creeps.

As for the CTA and its riders? Something like this will probably happen again, unfortunately.

Why? It’s a “gun-free” zone. And criminals love gun-free zones.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Sandovi, Carlos. “Cops: 2 armed men robbed passengers on Orange CTA Line.” Chicago Tribune. 16 July 2014. (http://www.chicagotribune.com/news/local/breaking/chi-cops-2-armed-men-robbed-passengers-on-orange-cta-line-20140716,0,3250364.story). 16 July 2014.

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Wednesday, July 16th, 2014 Crime, Firearms, Gun Rights, Self-Defense, Transportation Comments Off on Chicago Train Passengers Robbed At Gunpoint
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