“… Under the Fed's plan, the owner of a $100,000 home would be on the hook for an additional $1,000 a year — $2,000 for a $200,000 home, etc. — for the next 30 years to pay off the state's $130 billion in unfunded pension debt. … Their reasoning? A property tax hike would be the 'most equitable' way to raise money because homeowners benefit the most from state spending.”
Read the full article on: The Southern Illinoisan