Latest Post | Last 10 Posts | Archives
Previous Post: SUBSCRIBERS ONLY - Today’s edition of Capitol Fax (use all CAPS in password)
Next Post: Illinois.com up for sale
Posted in:
* Watch the bouncing balls in real time right here with ScribbleLive…
posted by Rich Miller
Wednesday, May 17, 17 @ 9:05 am
Sorry, comments are closed at this time.
Previous Post: SUBSCRIBERS ONLY - Today’s edition of Capitol Fax (use all CAPS in password)
Next Post: Illinois.com up for sale
WordPress Mobile Edition available at alexking.org.
powered by WordPress.
Property tax freezes are popular.
Property tax freezes paired with an income tax increase are not popular.
Making both of them temporary will:
1) Not create the long term predictability needed to encourage business to invest;
2) Not provide any relief to the rating agencies’ concerns;
3) Cause our school districts and local pension funds to crash.
Comment by Quid Pro Quo Wednesday, May 17, 17 @ 10:06 am
===We must have parity. If there’s an increase in the income tax, there must be property tax reform to create balanced relief for taxpayers===
“Balanced relief” is not possible. Everyone needs revenue. You cannot balance a budget, repay debts, cut the local source of funding, and maintain level school funding while revenue neutral. Sure, you can shift some of the revenue from property tax to income tax, and that may be a good thing, but most everyone will still end up paying more in taxes. Simple math.
Comment by thechampaignlife Wednesday, May 17, 17 @ 10:17 am