WATCH OUT FOR PENSION REFORM – ANOTHER NAME FOR MORE TAXES

The Illinois legislature is now and has been for years considering pension reform. The citizens of this state should understand pension reform in Illinois will just mean a shifting of the tax burden for pensions to local taxing bodies. For example, local college districts and school districts will be responsible for paying the pensions of their employees. If you think your real estate taxes are high now, wait till they get done in Springfield. A 10 to 20% increase in your property tax bill would not be a surprise!

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s