* More magic ponies…
* Illinois Observer…
Local government finance experts have, however, panned Rauner’s proposal as unworkable and unrealistic because it would hamstring municipalities and school districts alike in their efforts to manage budgets in which routine inflation, for example, drives up costs.
“Mr. Rauner may be financial wizard in private business, but the property tax freeze idea betrays a total lack of awareness of municipal finance,” a suburban Cook County mayor told The Illinois Observer. “It belongs in the category of bizarre pipe dreams.”
Ah, but bizarre pipe dreams sell.
Policy aside, tapping perennial voter frustration over high property taxes and their routine increase is good politics – and a potential windfall for political consultants who would need to persuade voters either way.
*** UPDATE *** Quinn campaign response…
In response to a deceptive new television ad by Republican billionaire Bruce Rauner, who improperly filed for three property tax exemptions, former Cook County Assessor Jim Houlihan issued the below statement:
“In his deceptive new television ad, Bruce Rauner fails to mention that the Rauner Tax Plan would blow an $8 billion hole in the state budget and cause localities to enact the biggest property tax hike in Illinois history.
“The cuts in state funding for education made necessary by the Rauner Tax Plan would shift the financial burden for school districts to local property taxes. This would leave no choice but to send property taxes sky high.
“Mr. Rauner should stop deceiving voters.”
In reality, Governor Quinn, who opposes property tax increases, has made the tough decisions to restore fiscal stability to Illinois, putting the state in a position to provide more funding for schools and reduce reliance on property taxes.
Houlihan served as Cook County Assessor from 1997 to 2011 and before that served in the Illinois House of Representatives and as an aide to Chicago Mayor Harold Washington.
While Assessor, Houlihan fought to lower unfair property taxes that hurt families and businesses, instituting a 7% homeowner exemption. These efforts sought to decrease reliance on the property tax to fund education and other important services, a key priority for Governor Quinn as outlined in his 2014 State of the State address.