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Post by asmodeus on Apr 27, 2011 7:00:26 GMT -6
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Post by Arch on Apr 27, 2011 7:17:13 GMT -6
It's a plague everywhere.
Simple to remedy going forward.. Referendum question? Default answer = NO.
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Post by doctorwho on Apr 27, 2011 7:19:35 GMT -6
Which is why they'll never get another dime approved by me-- I just geenrally assume they are either 1/ lying flat out about what they are asking for 2/ Wording the referendum so that it hides what they really want or 3/ skirting just inside the law - even though ethically they know it's BS Never again will I hear from a SB member' "what can't they read the referendum " My vote is NO |
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Post by EagleDad on Apr 27, 2011 11:46:21 GMT -6
Kinda funny, the guy filing the suit (Noel Kuriakos) used to work for me. small world.
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Post by southsidesignmaker on Apr 27, 2011 20:19:27 GMT -6
It is always best to double check the math in situations like this. A simple call or email to the assessors office sheds a lot of light on ref. especially going into the future.
Whenever I get a bit overwhelmed on "old Blue" I just take out the calculator and figure how much items are costing extra on a yearly basis (with respect to the school district), the perspective is enlightening.
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Post by Arch on Apr 27, 2011 21:21:26 GMT -6
That's funny because I was thinking something along the same lines, but instead I get out my tax bills from 1998 to the present and look at the 204 portion and get out my calculator to see how much more everything costs me each year. . . .
very enlightening indeed.
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Post by macrockett on Apr 27, 2011 21:29:22 GMT -6
It's a plague everywhere. Simple to remedy going forward.. Referendum question? Default answer = NO. Good answer. But what will you do if there is no need for a referendum? WHAT? Yes, WTF actually. My prediction is this. Illinois is in such a catastrophic state fiscally that the Illinois legislature will abdicate responsibility for sending educational funding to the school districts, or at least they will be "means tested." That way the State will be able to divert $$ to the shhhh "unfunded liabilities." Call it a payoff for all the loyal employees. In exchange, the legislature will allow the school districts to generate additional funding locally by eliminating the tax cap. That is what I was alluding to in the economics riddle. Wait and see. |
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Post by doctorwho on Apr 27, 2011 21:36:16 GMT -6
It is always best to double check the math in situations like this. A simple call or email to the assessors office sheds a lot of light on ref. especially going into the future. Whenever I get a bit overwhelmed on "old Blue" I just take out the calculator and figure how much items are costing extra on a yearly basis (with respect to the school district), the perspective is enlightening. but you can't overlook the hunk of change you already pay also-- and would you be paying less without reckless spending, so it's not only the incremental amounts |
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Post by doctorwho on Apr 27, 2011 21:39:01 GMT -6
It's a plague everywhere. Simple to remedy going forward.. Referendum question? Default answer = NO. Good answer. But what will you do if there is no need for a referendum? WHAT? Yes, WTF actually. My prediction is this. Illinois is in such a catastrophic state fiscally that the Illinois legislature will abdicate responsibility for sending educational funding to the school districts, or at least they will be "means tested." That way the State will be able to divert $$ to the shhhh "unfunded liabilities." Call it a payoff for all the loyal employees. In exchange, the legislature will allow the school districts to generate additional funding locally by eliminating the tax cap. That is what I was alluding to in the economics riddle. Wait and see. why not- with our idiot Governor who took an extra 2% from each and every one of us to pay down the debt which was $4B when the year started. Guess what it is today with all those extra monies coming in ? $4.2B !! that's what happens when you cut nothing and cost continue to go up-- and you keep rewarding your team as well as all the lame ducks who voyed the increase in--only in Illinois...so eliminating the local tax cap would not stun me ( then SSSM- you better get your calculator on additional costs warmed up and ready ) |
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Post by southsidesignmaker on Apr 28, 2011 7:26:17 GMT -6
Doc and Mac,
Rather than warming up my calculator it is prudent to look at long term residence plans. We changed the way we do business a few years ago so that in a few short years we will have the ability to move to any of the lower 48 states. I see how much better family members live in more fiscally responsible areas of the country and have to ask will our state take a realistic view of it's financial situation.
Mac and Arch all one has to do is look at their real estate bill for the last 20 years to see how far we have come. In tax year 1989 the school portion of my tax bill was 52% (COD state and local school district). Presently the amount is in the mid 70% of total tax bill. In 1989 total tax rate on property was 1.9% of assessed value (the assessed value was 20% less than market value, yes my home was under assessed). Presently my tax bill is just under 2.3% of assessed value, my home is 12% over assessed compared to market value.
Real terms as a percentage of actual value: 1989 1.8% of real value
2009 2.4% of real value
Increase in actual taxes 33%, which apparently will not be decreasing anytime soon.
Illinois Corporate taxes: on the rise.
Illinois state income taxes: on the rise and will go higher.
Illinois and local gasoline taxes: some of the highest in the nation.
Yes indeed we certainly do pay a heavy price for the luxury of living in Illinois.
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Post by Arch on Apr 28, 2011 7:54:19 GMT -6
Yes indeed we certainly do pay a heavy price for the luxury of living in Illinois. Luxury?  Where else in the country have you lived in the past 20 years? |
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Post by Arch on Apr 28, 2011 8:03:43 GMT -6
Mac and Arch all one has to do is look at their real estate bill for the last 20 years to see how far we have come. Increase in actual taxes 33%, which apparently will not be decreasing anytime soon. I'll use a smaller window for D204: 2007 tax for D204: 6490.93 1999 tax for D204: 4032.15 Increase in 8 years: 2457.78 60% higher than it was. Ironically, COD was 187.88 and 272.92 for the same years; up only 45% Funny that... |
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Post by southsidesignmaker on Apr 28, 2011 8:24:06 GMT -6
Arch, I like to use percentages as actual dollar amounts can appear on the high side but your numbers do not take into account the HUGE appreciation value in the last 10 years, (well at least up to 2006).
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Post by Arch on Apr 28, 2011 8:46:04 GMT -6
Arch, I like to use percentages as actual dollar amounts can appear on the high side but your numbers do not take into account the HUGE appreciation value in the last 10 years, (well at least up to 2006). Appreciation doesn't mean squat if you are not selling. It's like stocks.. It's not money in your pocket until you sell. So, if my home is 100K off the market high from a few years ago, does that mean I 'lost' 100K of my money? If so, I better get the cops on this injustice Pronto! ;D The tax price is the tax price. That's the real number you pay each year. What is your actual dollar difference for the past 20 years for D204, SSSM? I'm curious the RAW dollar amounts... |
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Post by doctorwho on Apr 28, 2011 9:10:26 GMT -6
Doc and Mac, Rather than warming up my calculator it is prudent to look at long term residence plans. We changed the way we do business a few years ago so that in a few short years we will have the ability to move to any of the lower 48 states. I see how much better family members live in more fiscally responsible areas of the country and have to ask will our state take a realistic view of it's financial situation. Mac and Arch all one has to do is look at their real estate bill for the last 20 years to see how far we have come. In tax year 1989 the school portion of my tax bill was 52% (COD state and local school district). Presently the amount is in the mid 70% of total tax bill. In 1989 total tax rate on property was 1.9% of assessed value (the assessed value was 20% less than market value, yes my home was under assessed). Presently my tax bill is just under 2.3% of assessed value, my home is 12% over assessed compared to market value. Real terms as a percentage of actual value: 1989 1.8% of real value 2009 2.4% of real value Increase in actual taxes 33%, which apparently will not be decreasing anytime soon. Illinois Corporate taxes: on the rise. Illinois state income taxes: on the rise and will go higher. Illinois and local gasoline taxes: some of the highest in the nation. Yes indeed we certainly do pay a heavy price for the luxury of living in Illinois. LUXURY ? of living here -- what exactly are we getting for this ? Great roads / off the chart schools, tremendous infrastructure etc ? nope we get -- Toll roads that just doubled in price ( that were temporary) - the highest gasoline prices in the country, coupled with some of the highest electrical rates and natural gas rates in the country as well. The mismanagement of this state especially when it comes to reckless spending has destroyed Illinois- and why I get upset when I see the same in our SD and yet are told, but it only costs me this much. Eventually the cumulative effects of such practice lead us to the financial meltdown we are in today. Governor Quinn took another 2% of our incomes to 'pay down' the state debt. How's that going -- started 2011 at $4.0B-- you know where it is today ? $4.2B. SO what, come back for more taxes tomorrow. All because he is not willing to live within our means either- and using emotional topics to show why more taxes are needed- all the while cutting nothing. Then passing rasies to his staffers, and finidng lucrativ jobs for every lame duck rep who voted for the tax increase as they were leaving office. It's business as usual here-- I for one am absolutely leaving this 'luxury' - we get less for more than anywhere I know. |
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