HOW THE GOVERNMENT BALANCES IT'S BUDGET

This is how the Governor balances his budget (on the backs of the taxpayers):

Governor Pat Quinn announced his budget plan for Illinois
yesterday. The plan includes a 50% increase in the state
income tax, a $1-a-pack increase in cigarette taxes, higher
business taxes, and steeper fees for car registrations and
driver's licenses.

The way local government is doing it is to smooth the drop in property
values (the basis for the tax) by changing the methodology
from using "most recent sale" (which accelerated
the increase on the way up) to "3-year average"
(to slow the descent on the way down).

http://www.dailyherald.com/story/?id=279203

Borderline Fraudulent? You decide. When property values were skyrocketing
they were able to update value based on most recent sales. Now that
they are sinking like a 401K, they want to keep the higher values in there
as long as possible.

Funny how the lower values were not locked in as long as possible
on the way up, which would have been a tax break to residents.