Chicago’s Taxation Tug of War – Chicago Contrarian

"We have a city on the brink of demise due to high crime rates, skyrocketing taxes, and an exodus of residents and businesses fleeing Chicago in droves. Instead of putting a tourniquet on our gushing wound, both the Action Center of Race and the Economy and People’s Unity Platform are demanding Johnson adopt a plan that would only add to Chicago’s misery and accelerate flight from the city. Amazingly, the authors consistently refer to their budget plan as moral."
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Giddyap
2 years ago

No more jail, sky high taxes — are IL Democrats trying to get businesses to leave?

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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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