Friday, September 29, 2017
Thursday, September 28, 2017
Wednesday, September 27, 2017
Tuesday, September 26, 2017
Saturday, September 23, 2017
Illinois' Kamikaze Bondholders Cheer Massive New $6 Billion Bond Deal: "It Has Turnaround Potential" | Zero Hedge
Illinois' Kamikaze Bondholders Cheer Massive New $6 Billion Bond Deal: "It Has Turnaround Potential" | Zero Hedge
"Last time we checked, non-residents weren't on the hook to pay Illinois taxes..."
Must read entire piece re pension funds, etc.
"Last time we checked, non-residents weren't on the hook to pay Illinois taxes..."
Must read entire piece re pension funds, etc.
Tuesday, September 19, 2017
Monday, September 18, 2017
Pension Storm Coming: "This Will Become One Of The Most Heated Battles Of My Lifetime" | Zero Hedge
Pension Storm Coming: "This Will Become One Of The Most Heated Battles Of My Lifetime" | Zero Hedge
Here in Dallas I pay about 2.7% in property taxes. When I bought my home over four years ago, I checked our local pension and was told we were 100% funded. I even mentioned in my letter that I was rather surprised. Turns out they lied. Now, realistic assessments suggest they will have to double the municipal tax rate (yes, I said double) to be able to fund fire and police pension funds. Not a terribly popular thing to do. At some point, look for taxpayers to desert the most-indebted cities and states. Then what? I don’t know. Every solution I can imagine is ugly.
Here in Dallas I pay about 2.7% in property taxes. When I bought my home over four years ago, I checked our local pension and was told we were 100% funded. I even mentioned in my letter that I was rather surprised. Turns out they lied. Now, realistic assessments suggest they will have to double the municipal tax rate (yes, I said double) to be able to fund fire and police pension funds. Not a terribly popular thing to do. At some point, look for taxpayers to desert the most-indebted cities and states. Then what? I don’t know. Every solution I can imagine is ugly.
Wednesday, September 13, 2017
Monday, September 11, 2017
Monday, September 04, 2017
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