Lightfoot’s Plan to Hike Property Taxes by $93.9M Clears Key Hurdle – WTTW (Chicago)

The Finance Committee advanced the mayor’s $12.8 billion spending plan to the full City Council for a final vote Monday. Ald. George Cardenas (12th Ward) set the tone for what is sure to end up as the most divided City Council vote in Chicago history: “I’d rather face the music now. Years from now, it just gets harder.”
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The True Believer
5 years ago

Lori doesn’t care to raise taxes on taxpayers. All she cares about is giving freebies to the south and west side permanent victim class do insure her re-election. She must be stopped.

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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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