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Chicago needs a sales tax on professional services, a local version of the state-eliminated 1% grocery tax, and a greater share of state income and personal property replacement taxes to close its $1.12 billion budget gap, top mayoral aides said Tuesday.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Many States don’t tax groceries. People need to eat. But not here in this perverted tyranny owned by the scum of Public Sector Worker Unions. Here in Illinois the real workers and taxpayers are slaves to the parasitic criminals of Public Sector Unions: “Youizes wants to eats? Shaddayp and feeds us youze peasants.”
If’n they ever get the bright idea of taxing big-time professional services, like consulting firms, accounting firms, and law firms, Chicago will see the anchor tenants in all those shiny skyscrapers magically shift a bunch of billing and employees to their offices in other states. I figure it’s only a matter of time.
Tax Air.
If they are going to tax any “professional services,” then they should tax lobbying, as done in Kentucky, Connecticut, and Pennsylvania.
One minute Brando & crew are talken tax the “ultra rich” next minute its tax the groceries and services….all they care about is keepen the empty buses running, the empty schools open, etc..filled with their upper-income public sec base…all you need to know is anything they can slap a tax on they will. Who are still the dopes that are still fooled?
No Annette, just like yourself, Chicago has to learn to push themselves away from the table.
Pritzker brags about cutting taxes by eliminating the state grocery tax, but we all know no tax disappears in IL, instead local governments reinstitute the tax locally. As for a service tax, that will not provide the revenue they project. You’ll get haircuts and manicures in someone’s basement, plumbers and electricians will do jobs for cash only, and do you really think all the illegals doing landscaping are going to get tax id numbers. Typical IL.
In the old days a man’s wife cut his hair
The “personal property tax” disappeared in the early ’70s. (There is, of course, a “personal property replacement tax.”) Note also, there was never any tax on groceries purchased with LINK cards.