City Council Approves Plan To Scrap Tax Breaks For ‘Bad Actor’ Developers — But It Won’t Apply To Hilco – Block Club Chicago

The city must pass legislation to approve tax incentives, which are championed as a vital tool for economic development. But the tax breaks themselves ultimately are awarded by the Cook County Board of Commissioners. The Board allows individual municipalities to create their own mechanism to revoke the incentives.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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