Aldermen, Mayor Brandon Johnson’s administration officials argue over credit downgrade – Chicago Tribune/Yahoo
As the city gets set to borrow $518 million for infrastructure projects and $92 million more toward Mayor Brandon Johnson’s massive affordable housing plan, aldermen and the mayor’s team argued Tuesday over which of them are to blame for recent credit downgrades that will end up costing taxpayers more.
Chicago needs a sales tax on professional services, a local version of the state-eliminated 1% grocery tax, and a greater share of state income and personal property replacement taxes to close its $1.12 billion budget gap, top mayoral aides said Tuesday.
Ted joined Scott Slocum to talk about the details of the state’s newly-passed $55.2 billion 2026 budget, why the good intentions of state lawmakers never pan out for Illinois residents and that, in fact, politicians’ policies make Illinois an extreme national outlier across almost all the metrics that matter.