Comment: Read the text of the speech linked here if you want, but she said nothing concrete. Her cash budget numbers, as usual, mean little because the real problem is growing pension debt. She said nothing specific about what revenue or reform measures she will pursue. The only exception is a progressive real estate transfer tax, which she said she is committed to. We called that an Exit Tax on the wealthy when we wrote about it. Mayor Emanuel rejected it as “treating homeowners like ATM machines.”