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Bridging the gap may get even harder next year. Experts, credit rating agencies and aldermen alike have shared fears throughout the budget process that Chicago is failing to sufficiently address the structural issues in its finances.
Summary and audio linked here.
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
Summary and audio linked here.
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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Audio and summary
You have not seen anything yet. Wait till you see what happens in the future. This will be looked back at as the “Good Old Days” when taxes were low. Taxes must go higher, or spending must be cut, if history is any indication I am betting on higher taxes.
As a former math teacher Mayor Johnson seems very ignorant on basic addition and subtraction based on his budget proposals.