you won’t be able to sell your house
Anne 28 April 2012 No Comment
[This article was syndicated via RSS from BackyardConservative. The views represented do not necessarily represent those of the Chicago Daily Observer.]
A 2010 Illinois law requires municipalities to raise the funding levels in their pension systems using property tax revenues but no additional contributions from government employees. The legislation prompted former Chicago Mayor Richard Daley in December to warn residents that the increases might be so high, "you won't be able to sell your house."Related posts here, here, here.