Sparing Residents from Tax Hikes Months Before Election, Chicago’s 2023 Budget Takes Effect – WTTW (Chicago)

Even the City Council members who voted for Lightfoot’s budget blasted the mayor for failing to make good on promises to use nearly $2 billion in federal relief funds to strengthen the city’s tattered social safety net. City officials spent just $130.5 million of the $1.227 billion earmarked for a host of programs including affordable housing, mental health, violence prevention, youth job programs and help for unhoused Chicagoans.
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Poor Taxpayer
3 years ago

Short term at best. In the long-term taxes will rise much faster than incomes. Look out below, there is a HUGE PENSION TIME BOMB going off that has to be paid for by generations of unborn children. As people Flee Illinois the taxes must go higher and higher. This is worse than cancer. The good news is the Chitty of Chicago cops are enjoying warm weather in Punta Gorda, Fl. on the taxpayer’s money.

Old Joe
3 years ago

Here’s a thought;

Use that $2 billion to reduce the 2023 property taxes of residents and businesses that actually paid property taxes in 2022.

Pat S.
3 years ago
Reply to  Old Joe

Don’t hold your breath. Ain’t happening in our lifetime – or ever.

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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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