Items of Interest

“PROPERTY TAX RELIEF” BIG LIE GETS NEW LIFE FROM CANDIDATE J. B. PRITZKER

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CHICAGO—J. B. Pritzker, the Democrat candidate for Illinois Governor, has resurrected the tired old lie that state tax increases will lead to “property tax relief,” according to Jim Tobin, president of Taxpayers United of America (TUA).

“Jay Robert ‘J. B.’ Pritzker, the corpulent con-man who is a tool of Chicago machine boss Michael J. Madigan, pulled an old lie from the trash heap and is claiming that the two state income tax increases he plans to shove down the throats of Illinois taxpayers will result in property tax relief. It was a lie 85 years ago, and it’s still a lie,” said Tobin.

“In 1933, under the guise of ‘property tax relief,’ a ‘temporary’ state sales tax of 2 percent was established. We all know how temporary tax increases tend to be.”

“In 1969, property tax relief was promised when the personal state income tax was created at 2 ½ percent.”

“And in 1975, the start of the Illinois Lottery was supposed to provide property tax relief. How did that work out?”

“Not only does tax-raiser Pritzker, if elected, plan to increase the flat-rate state income tax, but in two years, he plans to place on the statewide ballot the Income Tax Increase Amendment, which would convert Illinois’ flat-rate income tax to a graduated income tax, which could end up with a top rate even higher than California’s. This would be a huge income tax increase for the middle class.”

“If Pritzker becomes governor, this would be the tipping point for Illinois. Illinois is virtually bankrupt now, and a graduated state income tax would send Illinois over the edge by forcing even more taxpayers to flee the state. For the fourth year in a row, Illinois has led the country in losing population.”

“This November may be the last chance for Illinois voters to keep the state from going under.”

 

Rockford Pensions Release

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Rockford – Taxpayers United of America (TUA) today released the updated study on Rockford, Illinois government employee pensions, publishing the top 200 pensions for Rockford Illinois Municipal Retirement (IMRF) fund and the top 200 pensions of the Teachers’ Retirement Fund (TRS).

“Rockford taxpayers, like the rest of Illinois, can’t afford to pay for outrageous pension promises made decades ago by greedy political hacks. These pensions are nothing more than a contract for union votes and have nothing to do with providing services to taxpayers,” stated Jim Tobin TUA’s president and former economist.

“Everyone knows that property taxes, used to fund the IMRF pensions of the Rockford municipal and county employees, have been rising out of control. Illinois is second in the nation for homes under water on their mortgage with more than 15% of homes worth less than the amount owed. Add to that the crippling property tax bills and Rockford is in the top 20 U.S. cities for foreclosures.”

  • Click here to see the top 200 Rockford TRS pensions
  • Click here to see the top 200 Rockford IMRF Pensions
  • Click here to see the top 200 Rock Valley College SURS pensions

“The teachers’ pensions are some of the most outrageously lavish in the state and gubernatorial candidate J. B. Pritzker is on his way to bail them out at the expense of Illinois taxpayers. If Pritzker is elected governor, he will quickly slam taxpayers with a huge increase in the flat-rate state income tax. Then, he will support the Income Tax Increase Amendment, which would create a graduated income tax increase for middle class taxpayers.

“Illinois is first in the country in outmigration; more taxpayers are moving out of the state than into the state. That means that those of us who stay will have to pay even more in taxes to bail out the lavish, unnecessary government pension that have bankrupted Illinois,” added Tobin.

“Just look at the pensions we are paying for, and in an area that has barely climbed out of the financial slump that most of the rest of the country has nearly forgotten. If Pritzker wins the gubernatorial election, there will be no stopping the Democrats from stealing every last dime from taxpayers.”

“Alan S. Brown, who retired from Rockford government schools, rakes in $177,989 in annual pension payments. This poor, overworked, ‘civil servant’ retired at the ripe old age of 55! Assuming he lives until 85, he will collect $5,320,870. His contribution to that multi-million dollar payout was only 3.3%.”

“Winnebago County retiree Paul A. Vogli also does pretty well with an annual pension of $164,652. He will collect about $4,254,294 in lifetime payments.”

“Nearly all IMRF employees are also eligible for Social Security pensions in addition to their IMRF pensions,” added Tobin

“It is just unreasonable to allow people to retire in their 50’s and early 60’s and expect taxpayers to foot the bill, and if Madigan gets his way and Pritzker wins the governor’s race, government pension reform won’t occur anytime soon,” concluded Tobin.

CHICAGO TRIBUNE CAN’T FIGURE OUT WHY CHICAGO AND ILLINOIS HAVE LOST POPULATION – BUT WE CAN

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CHICAGO—A recent Chicago Tribune article called attention to Chicago’s having lost 3,825 residents last year and 4,879 residents in 2016, and to the fact that Chicago metropolitan area lost residents for three consecutive years.
Illinois dropped from fifth-most populous state to sixth-most populous state in 2017.
The article, Chicago population still tops Houston’s, described the population losses as a “trickle,” and added that “experts are trying to figure out why,” noted Jim Tobin, president of Taxpayers United of America, headquartered in Chicago.
“I can tell you why, and so can everyone other than the Tribune. Two reasons: the city’s and state’s high taxes, forcing taxpayers to flee to states with lower taxes, and the realization that the City of Chicago and State of Illinois are bankrupt and that both will go under in the not-too-distant future.”
“The lavish, gold-plated pensions of retired Chicago and state government-employees are rapidly drying-up their pension funds. Here are some facts regarding the Tribune’s host city.”
“All of the top 200 Chicago pensions for its ‘civil servants’ are at least $100,000 a year,” said Tobin. “The average retirement age for this group of pensioners is only 58. Social Security requires taxpayers to reach age 67 to be eligible for full retirement benefits, which average only about $17,000 a year.”
“I would like to inform the Tribune that the Municipal Employees’ Annuity and Benefit Fund of Chicago, (MEABF) is predicted to be insolvent in 8 years, according to its most recent audit. The auditing firm estimated that taxpayers would have to deposit $1,005,456,621 to make the fund solvent. MEABF does not include Chicago teachers, police, or firefighters who each have their own pension system, all separate from the 6 statewide pension funds.”
“The state of Illinois also is bankrupt. It can’t pay its bills because the outrageously rich government pensions have robbed  the taxpayers blind. And there won’t be a bailout by the state for the city of Chicago – there just isn’t enough taxpayer money, no matter how high taxes are raised.”
“We support the plan by independent gubernatorial candidate William “Dock” Walls to repeal the back-breaking Illinois state income tax.”
 

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DISCLAIMER

Taxpayers United Of America: (TUA). is a nonpartisan, 501(c)(4) taxpayer advocacy group. Founded June 27, 1976 in Chicago, Illinois by activist and economist Jim Tobin, TUA works on behalf of taxpayers to reduce local, state, and federal taxes. In the past forty years, TUA has saved taxpayers more than $200 billion n taxes and has become one of the largest taxpayer organizations in America. Check All posts. s.

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