Chicago Faces $127.9M Budget Shortfall in 2023: Lightfoot – WTTW (Chicago)

Mayor Lori Lightfoot's proposal includes a $42.7 million property tax hike to offset the surging cost of inflation.
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Old Joe
3 years ago

Gee, will public employees ever experience a cutback or layoff due to business conditions like I have several times?

I even lost my job during covid because I “might” get sick!

JimBob
3 years ago

May emergency powers also be used to set aside union contracts and “contract rights” so as to cut pay and benefits for active and retired public employees? Certainly, a lot of lease contracts were set aside when foreclosures were stopped (along with rent payments) due to an “emergency.” Can property owners stop paying taxes due to their personal economic emergencies — this would be analogous to foreclosure moratoriums which led to de facto rent defaults. The notion that property owners must go in the red to keep public employees in the black lacks elemental mutuality. I don’t know what %… Read more »

George`s Wooden Teeth
3 years ago
Reply to  JimBob

No RED NECK JB

Eugene from a payphone
3 years ago

How about collecting the delinquent property taxes, they currently stand at $89.5 million before laying on another $42 million. Most of the increase is headed for delinquency any way.

Giddyap
3 years ago

You could lay off half the lazy do-nothings in City Government and balance the budget in a minute

Platinum Goose
3 years ago
Reply to  Giddyap

And still get the same level of service.

Freddy
3 years ago
Reply to  Platinum Goose

Better!

LAX-15
3 years ago

Mark – What is the total city of Chicago debt when all unfunded liabilities are figured in? Is there any way to know the true number?

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