But today, [Governor] Pritzker and his party are unequivocally opposed a constitutional amendment to allow for benefit changes like SB-1 or anything else, or municipal bankruptcy that would give local government the option to make changes.It is taxes or else, according to the elected, and that means property taxes are dedicated to pensions. Local governments that deliver 50-80% of property taxes to pensions are no longer viable. It makes no sense for local voters to retain a local; government, the transaction costs does not pay. Thus, the elected, in Illinois, will be the default pension manager for small towns across Illinois.
What is the benefit of remaining a home owner in Illinois? The net value of the home is approaching zero since the home cannot justify its own local services. We will find whole sale movement, re-agglommeration. Hub operations moved from the Chicago area, en mass to places like Boise Idaho. Business and pensioner, alike, fleeing the state. Manufacturing moves south, entire factories moved.
The adjustment is un-measurealbe, it is done in a turbulence of mis-ordering and re-ordering until a new X axis found, one that excludes Illinois, they disappear from the map, no longer on the traveling salesman loop, become redundant and get minimized.
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