Results tagged “pensions”

After announcing that he's holding the line on property tax hikes and giving Chicagoans an "abatement" by raising the property tax below the full amount allowed, Mayor Daley expounded on the fundamental unfairness of excluding city teachers from the state pensions system. “We pay a double-tax. The pension is picked up by state government for all teachers outside Chicago. As a taxpayer in Chicago, you pay a tax there. Then, you pay another tax because the state excludes Chicago teachers. So, you’re paying two pension taxes: one for the state and one for the city,” Daley said Wednesday. “We’re the only, only local government doing that in the whole state. That puts a huge burden upon the school system. ... You’re paying two taxes. This is really unfair and we have to do something about it immediately.”

One last, self-indulgent note before we bow out for the day. Chicagoist went live on May 10, 2004 featuring a design you can see above (via the Wayback Machine). Since then, we've had ups and downs but it's been one hell of a ride. Five years is an eternity in internet time, so thanks to Jen, Jake and all our benefactors in NYC, thanks to Rachelle and Margaret for getting the ball rolling here, thanks to every single writer who has posted - past and present - for your hard work, and last but most importantly, thanks to all of you readers who keep coming back every day. We hope to see you tomorrow night at our celebration, and we'll see you back here next week as we start the next five years. - M.G.

 

The Cook County budget showdown is gearing up as county President Todd Stroger is expected to unveil his 2009 budget proposal today. Stroger has already put pressure on Cook County commissioners to approve a plan to borrow $720 million. The Stroger administration argues that the money is needed in order to keep the county afloat. Donna Dunnings, the county’s chief financial officer and Stroger’s cousin, told the Trib yesterday that massive layoffs are in store if the plan is rejected.