Home Chicago News Rev. Jackson pushing to extend deadline for overdue Cook County property taxes... Rev. Jackson pushing to extend deadline for overdue Cook County property taxes - abc7chicago March 25, 2017 2 Share on Facebook Tweet on Twitter ShareTwitterEmailPrintGoogleFacebook Read Article Sort by: newest | oldest RickOnce an area is on a trajectory of decay. The thing to do is give a reprieve or drastically lower property tax prices to encourage redevelopment and new buyers. Letting the rates go to 10 pct or more on undesireable property will only accelerate the downward trajectory of the area. You need to make the area tax free to encourage it’s healing, then recoup in a future decade after responsible and employed folks who took the risk to buy there tax free get settled. Basic pricing economics should drive regrowth, in Illinois the collectors only see their side, and only with their cash accounting in mind. 3 months 23 days agoWirepointsYou are spot on, Rick. The problems are now so deep that only some form of ten or so -year plan makes sense, and it will have to include drastic elements like that. But denial reigns, and it won’t happen until we get closer to Puerto Rico’s tragedy. 3 months 23 days ago wpDiscuz Recent Wirepoints Originals Rauner’s New Staff, Extremism and the Stockholm Syndrome – Wirepoints Original July 20, 2017 That which can't pass the establishment in the General Assembly and its enablers in the press is "too radical" for Illinois. The Importance of Being Scared (in Illinois) – WP Original July 12, 2017 "If you are protected from dark things then you have no protection of, knowledge of, or understanding of dark things when they show up.” New Financial Statements: Cook County Bleeding Red Worse Than Ever – Wirepoints Original July 11, 2017 And check out the ten-year record of huge losses. Outrageous Giveaway to Muni Bond Buyers Hidden in Massive Budget Bill – Wirepoints Original July 11, 2017 We are being looted. The muni bond industry is going all out to keep raising the credit card limit and sucking every ounce of blood out to ensure it gets repaid. The Many Ways Illinoisans Won’t Pay Higher Taxes – Wirepoints Original July 6, 2017 It's not just that people are moving out. Progress for Illinois? Here’s a Small Hint. – Wirepoints Original July 6, 2017 Read this and guess where it's from. Most House Members Don’t Know What’s in the $36 Billion Spending Bill Passed – Wirepoints Original July 3, 2017 "We have no idea what's in it." - House Minority Leader Jim Durkin With All Reforms Now Off the Table, Illinois Faces Disaster No Matter What – WP Original July 2, 2017 Illinois has a financial crisis, not a budget crisis. Speech Muzzlers Triggered: Chicago’s Theater Community On The Attack – WP Original June 21, 2017 Together we make great theater -- unless you disagree with us, in which case you're a bigot.