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Big-ticket items still being negotiated behind-the-scenes include raising the real estate transfer tax to create a dedicated funding source to combat homelessness. Said deputy chief of staff Cristina Pacione-Zayas, “It would definitely be a concern if the movement that we come from stopped pushing and organizing to make sure that we deliver on the promise of our movement. … It’s inherent. …Organizing is partially antagonizing to push forward and make progress."
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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Just when you thought it couldn’t get any worse.
He has consensus from THEY but not from THEM
That hike in the real estate transfer tax is as good as done.
Where’s the transparency, “I’m the mayor for all Chicago” CTU/Brandon ran on?
“Big-ticket items still being negotiated behind-the-scenes include raising the real estate transfer tax to create a dedicated funding source to combat homelessness….” Many BILLIONS are being fed into the greedy maw of the Homeless – Industrial Complex, yet the “homeless problem” only gets *worse*… Good reading, written by a pal of mine who lives in Portland, some excerpts: This is why I call it the Homeless Industrial Complex Why people love Housing First and hate all those that oppose it. KEVIN DAHLGREN – JUN 7, 2023 https://truthonthestreets.substack.com/p/this-is-why-i-call-it-the-homeless “…We were only spending millions and the system wanted billions. So after months/years… Read more »
Yep, these “progressives” in Chicago don’t want to learn from history about what works and what doesn’t.
Raising taxes reduces affordability and is a precursor to homelessness.