Mayor Brandon Johnson’s first big fiscal test: How to translate campaign promises into dollars and cents – Chicago Tribune*

Budget Director Annette Guzman, left, and Chicago Mayor Brandon Johnson, center, listen July 18, 2023, during a community roundtable at Malcolm X College about the city budget.As a candidate, Johnson was quick to come out against raising residents’ property taxes, a pact he hammered until the very end of the runoff election, even as some doubted its viability. Roughly $1.4 billion of the $1.7 billion the city collected in property taxes in 2023 was used for pension debts, and keeping the city’s tax levy at its current level would force the mayor to find new money to fund his wide-ranging agenda elsewhere.
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Giddyap
2 years ago

Johnson Is Looking For A Taxpayer Shakedown

Old Joe
2 years ago

This should be captioned “BJ to translate campaign promises into new taxes.”

Where's Mine ???
2 years ago

Hey CTU/Brandon, how about giving us all the same deal you and your CTU crew are getting to build are “generational wealth”? I’m sure there’s some tax the rich CTU fantasy math to make it work? —What gov assistance did TIER I guaranteed not to be diminished $multi-millionare$ for being a CTU teacher for 4 years CTU/Brandon get to buy his home?—“Despite Jones’ pleas, Johnson didn’t address his promise not to hike Chicago property tax rates and instead pivoted to stress the point that generational wealth is built through homeownership, which he noted would not have been possible for him… Read more »

Where's Mine ???
2 years ago

Or, Hey CTU/Brandon, how am I supposed to build my “generational wealth” when I’m to busy trying to pay for your GUARANTEED “generational wealth”??? EQUITY!!!

Frank James
2 years ago

Well, we clearly know who’s downvoting this

Da Judge
2 years ago

Glad I voted with my feet over 20 years ago.

My bank account is smiling as I figured I’ve saved $200K+ in various taxes since leaving Taxistan.

Boooooooooooooyah!!

Poor Taxpayer
2 years ago
Reply to  Da Judge

Smartest thing you and your family ever did. If you love your family leaving is what you do.
Never look back or come back.

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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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