The next five years in Illinois (Chicago, Chester: houses, income, property taxes)

[Hiruko]

Originally Posted by KerrTown

I would never consider Illinois or the Midwest outside of Chicagoland. Northside is okay and the North/West suburbs are very good. Peoria looked very depressed when I visited 2 years ago.

I love the Upper Midwest and Great Lakes region. I think Minneapolis/St. Paul, Chicago, Milwaukee, Detroit, Grand Rapids, Indianapolis, Cleveland, Columbus, and Cincinnati have a lot to offer, to each his own.

[My Kind Of Town]

Originally Posted by Hiruko

Hinsdale, like all of the suburban districts, heavily depend on the state for teacher and administrator pension costs. If that changed, it would be a major problem for suburban communities.

https://www.google.com/amp/www.sj-r....emplate=ampart

[damba]

Originally Posted by My Kind Of Town

https://www.google.com/amp/www.sj-r....emplate=ampart

Would you mind commenting on that link?

[damba]

Originally Posted by My Kind Of Town

Not to sound cynical but someone else’s loss is my gain. Our next home will be our forever home, 25+ years.

Regarding property taxes, Hinsdale hardly relies on the state for public school funding as is. Only ~4% of the public school system is financed by the state. Public school funding is ~75% of my property tax bill. Diminished state funding will have a minimal impact on my tax bill. The other areas more reliant on state funding will certainly take a hit though.

https://www.d181.org/uploaded/Depart...-_DISTRICT.pdf

Keep in mind that the relative size of the various pieces of the pie can also have an immediate impact on programs and facilities (etc.) if the state pulls the plug. Looking at the ‘other state aid’ (etc.) entries, you are still looking at a 2-3 million dollar shortfall to a K-8 district.

[Illinois ruins lives]

We just closed on our new house in Munster, Indiana after living in Orland Park for 25 years. Good Riddance to Illinois and its endless corruption. Things are going to get much worse across the state but fortunately the smart ones are leaving now.

[damba]

Originally Posted by Illinois ruins lives

We just closed on our new house in Munster, Indiana after living in Orland Park for 25 years. Good Riddance to Illinois and its endless corruption. Things are going to get much worse across the state but fortunately the smart ones are leaving now.

Another one LOL

Don’t let the door hit you on the way out.

[My Kind Of Town]

Originally Posted by damba

Keep in mind that the relative size of the various pieces of the pie can also have an immediate impact on programs and facilities (etc.) if the state pulls the plug. Looking at the ‘other state aid’ (etc.) entries, you are still looking at a 2-3 million dollar shortfall to a K-8 district.

Sure, it would have an impact but a few million across 5,500 households is a relatively small increase. Especially, when some households are already paying $20,000+/year, what's another $500-600/year?

[damba]

Originally Posted by My Kind Of Town

Sure, it would have an impact but a few million across 5,500 households is a relatively small increase. Especially, when some households are already paying $20,000+/year, what's another $500-600/year?

I hear you loud and clear on that part <side glance at my recent property tax bill>.


Those numbers may not be stomached for long though, even by those able to accommodate such increases.

[jasperhobbs]

New York, Michigan and California and have all faced financial issues and not everybody left the state. Somehow someway, Illinois will recover.

[Pundcakesss]

Originally Posted by jasperhobbs

New York, Michigan and California and have all faced financial issues and not everybody left the state. Somehow someway, Illinois will recover.

Wishful thinking on your part. Unlike Michigan, New York and California the financial crisis in Illinois is occurring during boom times and you won't get a federal bailout like New York did in the 70s or Michigan in 09.
Just sit back and watch it all collapse. A lot of lessons to be learned.