Chicago Mayor Brandon Johnson takes on education, taxes, crime at Town Hall – WGNTV (Chicago)

On the issue of property taxes, “The structural damage to our budget because of past malfeasance is something that all of us have to work together to correct,” he said. “The ultra wealthy in this city have to say and do more. …They’re going to have to put more skin in the game.”
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Sandy
11 months ago

The reality is that they will default to what they always do, which is raise property taxes. Unfortuntely that “revenue stream” (ie tax and working class people) is already sky high realitive to other markets. I am preparing an escape plan because I know it is coming and I simply can’t afford more. When it hits, I will reach a for-sale sign for my condo. I can not afford the tax already and addtional increases will be my signal that I am not welcome in Chicago (or Illinois for that matter). I am just a money tap for irresponsible and… Read more »

Brian Jones
11 months ago

Or the wealthy could just leave. Their choice.

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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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