If the state 'gives' 100 million to education. Then gets 25 million from the lottery.. it doesn't mean 125 million to the schools. But they give 25 million to the school fund.. then remove 25 million of the original budget and it goes back into the state coffers ... shell game they play with money. Tricky bunch they are...
Its ridiculous that collective bargaining is so one sided. Do private sector employees get 80% to 100% of salary with little or no contribution from the employee. Taxpayers need to force this issue to reduce these unethical pensions or let them go broke.
The constitution of the USA says a state can not go bankrupt. That needs to be changed. These pensions are way out of line. Illinois needs to file bankruptcy and modify these outrageous pension liabilities.
Born in Illinois and now 57. Property taxes is the biggest driver for me looking to move elsewhere. I'm done with the awful state so much so that I'm willing to move to a state with even colder weather in Wyoming. The dense population, boring landscape and annoying hummid summers also add to the hatred. This place is becoming as bad as California only without the beautiful scenery.
I moved from Florida because that state was getting expensive and now live in South Carolina in a brand new house and it costs me 3500 a year for everything house related. So cheap and very well run county.
I'm not even considering Illinois , because of property taxes. $9000 for a 400k home is totally insane. You must have had all the illegals , and homeless voting to raise property taxes every chance they get.
@@troyb.4101 So while you won't find me praising Illinois, as a life long 58 year resident I will give some unbiased as possiable obersevations. I am in a suburb about 50 miles south of Chicago not to far from Naperville, Plainfield and Shorewood and will say there is a night an day difference between the towns and Chicago. Here, crime is low, people take care of their homes and yards and you feel safe. Can't speak for the evey other town and city outside of Chicago but from my obsevations, they are all pretty similar. Yes, Rockford, Aurora has their bad side but it's still nothing like South Chicago. And during the summer when the grass turns green and the trees and flowers grow, it actually becomes quite pretty. Years ago my wife and eye were scoping Colorado, Arizona, Nevada and Wyoming for a place to move to and have to say while the mountain views are pretty, towns like Pueblo look like dirt dust bowls let alone Arizona and the others in many locations. Maybe I'm biased but green thick grass, lilac trees and other native midwest lanscape is just tons more appealing to me. The other offset I see to high property taxes, and this may sound socialy unacceptable, is it kind of prices out the undesirables. To me Illinios is becoming a place only the financially well off can live and that has some benifits depending on how you view it. You also don;t have the huge homeless setting up tents in front of store fronts or sections of towns like you do in Seattle, LA and San Fransico. The colder winter has a role but towns like I live, the mayor and police won't tolerate it. Also, while politics in Chicago tend to be more liberal, outside of Chicago it becomes more conservative which I like. This is one of the many reasons the vast majority of Illinois wants Chicago out and to be on it's own.
@@24hourgmtchannel64 I did look at the prices in Illinois , the places look great but the taxes would be the negative. I pay about $130 a month in property taxes here. I own my 55 acres outright. If Illinois was to declare bankruptcy on on it's debts and lower the taxes people would move there. No doubt in my mind. There is now way to justify those high property taxes.. What I saw was 9k in taxes on a 400k place. I only wish states would lower property taxes.
Some of these property taxes are $9,000 per year $750 per month. Keep raising those rates and nobody is going to live there. Even if you pay off your property you still have a huge monthly payment. It's almost time to leave the USA for another country.. My SSI check is only $1560 a month. WTF is wrong with these states. They need the constitution changed so they can go bankrupt and start over again.
We need a cap on how much they can raise are taxes every two or three years . Should we not get to vote on if we are willing how high we will go on taxes that we can handle ?
Sooner or later you run out of other people’s money..taxpayers money. The public pensions are unrealistic compared to people working in the private sector. Then the raises each year. These pensions need to be reduced and no yearly raises. Get in the real world that the average person lives in..plus Illinois is bleeding population
Its ridiculous for the majority of people who don't get a pension but teachers cops politicians all get lavish paid for by us . This is insulting and criminal jail JB Pigster
The bottom line is you cannot have infinite growth on a finite planet regardless of good or bad years. The only good thing is that its not if these pensions go bust but when. They are completely unsustainable .
I'm not wanting any new taxes but personally I would rather have an income tax increase than another property tax increase. At least everyone would share the load not just homeowners and during retirement your income drops off so the burden won't be quite as bad as ongoing property taxes.
They say it's the pay, but if you consider that the US average teacher gets paid the equivalent of $73K and excellent benefits, if extrapolated for 12 months, (the US educational system works on a 9 month system). Teachers are giving up because the teaching profession has changed. Students are unruly and the laws are against teachers exerting authoritative actions. Children since the 70"s and especially from the 80's when a "traditional household of a father and mother with traditional values", became more and more unattainable, and became "Latchkey Kids". They came home to an empty home because both parents had to work to "make it" for the "American Dream". Children need adults as role models to form their social values. This was lost to 60% to 75% of US children. They came home after school and unlocked the door to home and then went out to "play and associated with others". Or, they stayed home and relied on technology: TV via antenna, then Cable TV, Air Conditioning (lessening reasons to go out), and eventually... computer, internet, video games, etc... Less advantaged children associated with others in their economic realm. This led to activities to occupy their idle time. Bad things eventually evolved from this. Some things became “Cool to be Bad”. It's been over 50 years of this now. Children have grown up with little to no discipline, little social values, and most importantly less dreams and opportunity for success of the "American Dream". Value of educational attainment declined and the value of a post-high school degree vastly declined when College Loans became widespread and easily obtained. This became more pronounced as "Grade-flation" became the norm. Yale professors have stated "Grade-flation" has gotten out of control when over 78% of students get an "A" in their classes. Easy college money has lessened the value of a college degree. This has led to many college graduates with depressed earning capabilities after graduation. College loans have depressed the young to get a start on the path to the "American Dream". Most were saddled with college loan payments without the ability to pay them back, less the opportunity to pay them back and still obtain “the American Dream”. It all goes back to the early childhood educational disconnect and the "Latch-Key" result. The young today, are without discipline, guidance, values, dreams of attainment, and respect for authority. How can teachers teach with present day children not only lacking two parents working, but a single parent, and/or no stable home to go home to? Money for teachers will not fix it. This is a societal problem.
The TRS pension receives 9 percent off the top of every educators pay check to fund their own pension.. Since the 1960's when Mike Madigan passed the law to Constitutionally protect the pension the state has been borrowing this money without the teachers permission. Marijuana sales were made legal to fund pensions. What percentage of the weed money is being used to fund state pensions? Are they also borrowing this funding ?
The people who live in Cook County are behind on their property taxes of no fault of their own. The Cook County assessor has a lon list of properties with tax liens.
Teachers did not contribute to my retirement income. Why do Illinois citizens have to pay the pensions of teachers? Why are they so special? True they have a hard job but so do others whose jobs are essential to society working. Lawmakers make some laws that are fair to all who live still in Illinois. Take that weed money and lottery money and use it instead of spending it on illegals and sanctuary cities like Chicago. IMRF has a pension for some teachers who paid into it. Teachers in unions should do the same.
Teacher’s contribute the their retirement system as do all State Employees. The problem was created when the State failed to pay their portion for mearly 40 years to fund their pet projects without raising taxes so they could keep their “jobs”! It’s not the teacher’s fault or the State Employee’s fault! So stop putting the blame on them please.
If an employee does not pay into a retirement plan, then they should not get one. Here in Texas, we are forced to contribute 10% of our income, so our Pension System is Ok but still not bullet proof, so I can only imagine that a system without employee contributions can not stand - No way!
All the teachers and admin contribute 9% of their pay into this system our entire career, we should get this pension. Why is it only teachers don’t deserve good pay and a good retirement.
The state kept on under funding the retirement funds. Kicking the can down the road for years for future members to deal with. Causing a funding disaster at a future date. Under fund a pension system - it compounds the problem that gets worst and worst in a short time. Just shorting the fund by say $10,000 it doesn't take many years for that 'small amount' to balloon to $100,000... then millions.
It's a multifaceted problem. First of all, state employees pay in 8 to 10 percent of their wages into the pension system. Second the legislature for almost 2 decades funneled money from the states contribution to special projects and programs during some of the most bullish market conditions where the most investment bang for buck could have been made. Then markets crashed in 08' creating huge investment shortfalls exacerbating the the funding problem. Thirdly, since 08' high frequency trading algorithmic computing companies have been front running all large institutional trades effectively skimming billions of investment returns. I get the outrage, but it's not the pensioners fault. They've been dutifully paying 9 percent on average every paycheck. It's the legislators for misappropriating funds and not reining in market fraud.
@@yurimodin7333 Would have people who paid into a benefit loose that benefit, because of your fear that the benefit your paying into is insolvent? There are many factors as to why these benefit programs are failing. I stated a couple for illinois pension system. The high frequency trading problem also negatively impacts treasuries, the investment vehicle for SS. I will also say we have a problem with able bodied people receiving SS disability. There are other factors of course. Please don't fall for the divide and conquer routine be perpetrated. We are all in this together. Our real problem is corporate capture of our governments and institutions otherwise often known as fascism.
The more people leave the more taxes raise . Lower the real estate taxes and gas taxes the more people you have to help fund . What are you going to do as more pee leave . You going to pin it on less people until they get forced out too. You will be stuck with your high taxes and not enough people to help you pay them . Texas just lowered their real estate tax as on all there homeowners and they have no state taxes . Another thing is they don’t have lotteries to help there schools . Because of this they are the fastest growing State of all States . Big corporations are leaving California to move there . Take a lesson from them !
See chicago wants to seperate from illinois for pensions for teachers i want to seperate from cook county completley make them there own dtate and give them jb there governor
I think they may be on the way to Jupiter. Looks really good on these voters. I love it. My taxes on 260k home in South Carolina is 400 yr. Don't forget to vote democrat next election. HA HA
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What happened to all the lottery money that was to help fund the schools? It never seemed to lower our property taxes.
If the state 'gives' 100 million to education. Then gets 25 million from the lottery.. it doesn't mean 125 million to the schools. But they give 25 million to the school fund.. then remove 25 million of the original budget and it goes back into the state coffers ... shell game they play with money. Tricky bunch they are...
Because they just keep spending more and more.
They said that about marijuana too and the state has never been more poor. Corruption, cookin the books and overspending. Time to go!
Make them use a 401k retirement plan instead of bleeding the rest of us dry.
Its ridiculous that collective bargaining is so one sided. Do private sector employees get 80% to 100% of salary with little or no contribution from the employee. Taxpayers need to force this issue to reduce these unethical pensions or let them go broke.
It's actually more than 100% of their salary and it's just as bad for other state employees
The constitution of the USA says a state can not go bankrupt. That needs to be changed. These pensions are way out of line. Illinois needs to file bankruptcy and modify these outrageous pension liabilities.
You mean the 9% teachers contribute from each pay check doesn’t count
Born in Illinois and now 57. Property taxes is the biggest driver for me looking to move elsewhere. I'm done with the awful state so much so that I'm willing to move to a state with even colder weather in Wyoming. The dense population, boring landscape and annoying hummid summers also add to the hatred. This place is becoming as bad as California only without the beautiful scenery.
I moved from Florida because that state was getting expensive and now live in South Carolina in a brand new house and it costs me 3500 a year for everything house related. So cheap and very well run county.
I'm not even considering Illinois , because of property taxes. $9000 for a 400k home is totally insane. You must have had all the illegals , and homeless voting to raise property taxes every chance they get.
@@troyb.4101 So while you won't find me praising Illinois, as a life long 58 year resident I will give some unbiased as possiable obersevations. I am in a suburb about 50 miles south of Chicago not to far from Naperville, Plainfield and Shorewood and will say there is a night an day difference between the towns and Chicago. Here, crime is low, people take care of their homes and yards and you feel safe. Can't speak for the evey other town and city outside of Chicago but from my obsevations, they are all pretty similar. Yes, Rockford, Aurora has their bad side but it's still nothing like South Chicago. And during the summer when the grass turns green and the trees and flowers grow, it actually becomes quite pretty. Years ago my wife and eye were scoping Colorado, Arizona, Nevada and Wyoming for a place to move to and have to say while the mountain views are pretty, towns like Pueblo look like dirt dust bowls let alone Arizona and the others in many locations. Maybe I'm biased but green thick grass, lilac trees and other native midwest lanscape is just tons more appealing to me. The other offset I see to high property taxes, and this may sound socialy unacceptable, is it kind of prices out the undesirables. To me Illinios is becoming a place only the financially well off can live and that has some benifits depending on how you view it. You also don;t have the huge homeless setting up tents in front of store fronts or sections of towns like you do in Seattle, LA and San Fransico. The colder winter has a role but towns like I live, the mayor and police won't tolerate it. Also, while politics in Chicago tend to be more liberal, outside of Chicago it becomes more conservative which I like. This is one of the many reasons the vast majority of Illinois wants Chicago out and to be on it's own.
@@24hourgmtchannel64 I did look at the prices in Illinois , the places look great but the taxes would be the negative. I pay about $130 a month in property taxes here. I own my 55 acres outright. If Illinois was to declare bankruptcy on on it's debts and lower the taxes people would move there. No doubt in my mind. There is now way to justify those high property taxes.. What I saw was 9k in taxes on a 400k place. I only wish states would lower property taxes.
We are on the exact same page. You are not alone
Nothing quite like rewarding those who have failed your kids and society
Only a few are bad employees just like any job
No more public funded pensions 401k just like us taxpayers . No privet sector unions give a 3% cola and low employee pay in this is unsustainable
Some of these property taxes are $9,000 per year $750 per month. Keep raising those rates and nobody is going to live there. Even if you pay off your property you still have a huge monthly payment. It's almost time to leave the USA for another country.. My SSI check is only $1560 a month. WTF is wrong with these states. They need the constitution changed so they can go bankrupt and start over again.
We need a cap on how much they can raise are taxes every two or three years . Should we not get to vote on if we are willing how high we will go on taxes that we can handle ?
Sooner or later you run out of other people’s money..taxpayers money. The public pensions are unrealistic compared to people working in the private sector. Then the raises each year. These pensions need to be reduced and no yearly raises. Get in the real world that the average person lives in..plus Illinois is bleeding population
Up teachers salaries, manage administration salaries tighter, and drop pension system. Move to 401k etc. The system is not sustainable long term.
Scrap the pensions !!!
Its ridiculous for the majority of people who don't get a pension but teachers cops politicians all get lavish paid for by us . This is insulting and criminal jail JB Pigster
401k is the only solution at this point
There’s 0 reason these days to have any tax payer funded retirements. It’s called 401k’s or the like.
The bottom line is you cannot have infinite growth on a finite planet regardless of good or bad years. The only good thing is that its not if these pensions go bust but when. They are completely unsustainable .
I'm not wanting any new taxes but personally I would rather have an income tax increase than another property tax increase. At least everyone would share the load not just homeowners and during retirement your income drops off so the burden won't be quite as bad as ongoing property taxes.
Not the state constitution the US constitution, needs to be changed. Allowing any state to go bankrupt.
Tired of the spend and tax policies of politicians
They say it's the pay, but if you consider that the US average teacher gets paid the equivalent of $73K and excellent benefits, if extrapolated for 12 months, (the US educational system works on a 9 month system).
Teachers are giving up because the teaching profession has changed. Students are unruly and the laws are against teachers exerting authoritative actions.
Children since the 70"s and especially from the 80's when a "traditional household of a father and mother with traditional values", became more and more unattainable, and became "Latchkey Kids". They came home to an empty home because both parents had to work to "make it" for the "American Dream".
Children need adults as role models to form their social values. This was lost to 60% to 75% of US children. They came home after school and unlocked the door to home and then went out to "play and associated with others". Or, they stayed home and relied on technology: TV via antenna, then Cable TV, Air Conditioning (lessening reasons to go out), and eventually... computer, internet, video games, etc...
Less advantaged children associated with others in their economic realm. This led to activities to occupy their idle time. Bad things eventually evolved from this. Some things became “Cool to be Bad”.
It's been over 50 years of this now.
Children have grown up with little to no discipline, little social values, and most importantly less dreams and opportunity for success of the "American Dream".
Value of educational attainment declined and the value of a post-high school degree vastly declined when College Loans became widespread and easily obtained. This became more pronounced as "Grade-flation" became the norm. Yale professors have stated "Grade-flation" has gotten out of control when over 78% of students get an "A" in their classes.
Easy college money has lessened the value of a college degree. This has led to many college graduates with depressed earning capabilities after graduation. College loans have depressed the young to get a start on the path to the "American Dream". Most were saddled with college loan payments without the ability to pay them back, less the opportunity to pay them back and still obtain “the American Dream”.
It all goes back to the early childhood educational disconnect and the "Latch-Key" result.
The young today, are without discipline, guidance, values, dreams of attainment, and respect for authority.
How can teachers teach with present day children not only lacking two parents working, but a single parent, and/or no stable home to go home to?
Money for teachers will not fix it. This is a societal problem.
The TRS pension receives 9 percent off the top of every educators pay check to fund their own pension.. Since the 1960's when Mike Madigan passed the law to Constitutionally protect the pension the state has been borrowing this money without the teachers permission. Marijuana sales were made legal to fund pensions. What percentage of the weed money is being used to fund state pensions?
Are they also borrowing this funding ?
and how much do they pay into social security??????
Teachers don't pay into and do not receive Social Security
I thought the lottery was for education (a % of)
The people who live in Cook County are behind on their property taxes of no fault of their own. The Cook County assessor has a lon list of properties with tax liens.
Teachers did not contribute to my retirement income. Why do Illinois citizens have to pay the pensions of teachers? Why are they so special? True they have a hard job but so do others whose jobs are essential to society working. Lawmakers make some laws that are fair to all who live still in Illinois. Take that weed money and lottery money and use it instead of spending it on illegals and sanctuary cities like Chicago. IMRF has a pension for some teachers who paid into it. Teachers in unions should do the same.
Teacher’s contribute the their retirement system as do all State Employees. The problem was created when the State failed to pay their portion for mearly 40 years to fund their pet projects without raising taxes so they could keep their “jobs”! It’s not the teacher’s fault or the State Employee’s fault! So stop putting the blame on them please.
If an employee does not pay into a retirement plan, then they should not get one.
Here in Texas, we are forced to contribute 10% of our income, so our Pension System is Ok but still not bullet proof, so I can only imagine that a system without employee contributions can not stand - No way!
When every working person flees Illinois I guess they will have to tax themselves for pensions . About time they felt the pain the rest of us are.
omg please don't make my prperty tax go up again
You better move out of that state.
It’s fair to blame the tax-and-spend Donkey party.
All the teachers and admin contribute 9% of their pay into this system our entire career, we should get this pension. Why is it only teachers don’t deserve good pay and a good retirement.
The state kept on under funding the retirement funds. Kicking the can down the road for years for future members to deal with. Causing a funding disaster at a future date. Under fund a pension system - it compounds the problem that gets worst and worst in a short time. Just shorting the fund by say $10,000 it doesn't take many years for that 'small amount' to balloon to $100,000... then millions.
It's a multifaceted problem. First of all, state employees pay in 8 to 10 percent of their wages into the pension system. Second the legislature for almost 2 decades funneled money from the states contribution to special projects and programs during some of the most bullish market conditions where the most investment bang for buck could have been made. Then markets crashed in 08' creating huge investment shortfalls exacerbating the the funding problem. Thirdly, since 08' high frequency trading algorithmic computing companies have been front running all large institutional trades effectively skimming billions of investment returns. I get the outrage, but it's not the pensioners fault. They've been dutifully paying 9 percent on average every paycheck. It's the legislators for misappropriating funds and not reining in market fraud.
And I pay 14% into Social Security which you do not........I already know my money is gone.
@@yurimodin7333 It is true that some in the states five pension systems do not pay into SS, but some do.
You don't have to try and make it personal.
@@yurimodin7333 Would have people who paid into a benefit loose that benefit, because of your fear that the benefit your paying into is insolvent? There are many factors as to why these benefit programs are failing. I stated a couple for illinois pension system. The high frequency trading problem also negatively impacts treasuries, the investment vehicle for SS. I will also say we have a problem with able bodied people receiving SS disability. There are other factors of course. Please don't fall for the divide and conquer routine be perpetrated. We are all in this together. Our real problem is corporate capture of our governments and institutions otherwise often known as fascism.
The more people leave the more taxes raise . Lower the real estate taxes and gas taxes the more people you have to help fund . What are you going to do as more pee leave . You going to pin it on less people until they get forced out too. You will be stuck with your high taxes and not enough people to help you pay them . Texas just lowered their real estate tax as on all there homeowners and they have no state taxes . Another thing is they don’t have lotteries to help there schools . Because of this they are the fastest growing State of all States . Big corporations are leaving California to move there . Take a lesson from them !
Need to end pension, move all new employees to 403b.
See chicago wants to seperate from illinois for pensions for teachers i want to seperate from cook county completley make them there own dtate and give them jb there governor
Thanks democrats for it
I think they may be on the way to Jupiter. Looks really good on these voters. I love it. My taxes on 260k home in South Carolina is 400 yr. Don't forget to vote democrat next election. HA HA