Push to Hike Taxes on Sales of Million-Dollar Homes to Fight Homelessness Faces Mounting Obstacles – WTTW (Chicago)

Advocates staged a tent city in the lobby of City Hall during Mayor Lori Lightfoot's budget address on Monday, Oct. 3, 2022, calling on Chicago to provide a dedicated stream of funding to tackle the problem of homelessness. (Nick Blumberg / WTTW News)As the deadline for final action looms, the push faces two massive obstacles: the implacable opposition of Mayor Lori Lightfoot and the fact that supporters are attempting to do something nearly unprecedented in Chicago’s political history.
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Riverbender
3 years ago

Million dollar homes include the haunt of those northern area liberals…tax them because they voted for it.

Poor Taxpayer
3 years ago

All the tents in the picture look brand new. Almost like a staged event.

Platinum Goose
3 years ago

the cause of homelessness is complex, Lightfoot said, Not really, most are either mentally ill or suffer from addiction. They want to force people to get an untested jab but won’t force them to accept treatment for their mental illness or substance abuse. Hard to figure out if these libs are dumb or crooked.

Freddy
3 years ago

How many of these are homeless because they could not afford the excessive property taxes on the homes they used to live in? A little run of bad luck/bad health/etc and they lost their homes because the taxes are not based on the ability to pay them but just the value only. When will the property task force actually do something? Maybe a combination of taxing home value a little less and income and increase the senior deduction so more can stay in their homes.

Pensions Paid First
3 years ago
Reply to  Freddy

I agree that property taxes have no bearing on ones ability to pay. Maybe some day voters of Illinois will demand that other taxes that better reflect ones ability to pay (income taxes) should be raised so that property taxes can be reduced. Once the voters start understanding that taxes will need to be raised elsewhere, we can finally begin to fix the high property taxes. It will only happen if the voters desire it. Until then, high property taxes for all.

Freddy
3 years ago

In states where there are low property taxes others taxes were raised or started like maybe reinstating the personal property tax which was abolished in 1979. Local county income tax capped at 1.5% or less and only to be raised by referendum but only in exchange for lower property taxes NOT in addition to which most likely will happen in Illinois. Too many people lost their homes like here in Rockford after 2008 because taxes were higher than the mortgage (and many still are and the taxes cannot be renegotiated unlike the mortgage which can be. Lots of numbers need… Read more »

Last edited 3 years ago by Freddy
marko
3 years ago

So million dollar home owners get the privilege of paying exorbitant extra taxes so more riff raff can come to town and squat at the end of their million dollar home streets? Only a lib could think that by subsidizing homelessness you will get less of it. Here’s a tip – The people in these tents are not going to participate in any organized housing program. There are plenty of programs out there already and the ones who want in are in.

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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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