Ralph Martire, of the Center for Tax and Budget Accountability: "During the first four years Johnson is mayor, Chicago’s pension payments were set to increase by an average of $47 million per year. But that was before the city’s pension systems suffered a 12% investment loss in 2022 — which Chicago estimates will increase all remaining pension payments by an average of $100 million per year."
When cities and states routinely mismanage taxpayer revenue, there always seems to be fiscal cliffs ready to fall off of. The solution almost always seems to be more taxpayer revenue needed to mismanage, aka, the financial death spiral.
Goodgulf Greyteeth
3 years ago
Ralph explains at length why Chicago taxes just must go up a whole lot and very soon, but assures us that, “The good news is Johnson recognizes Chicago’s fiscal challenges can’t be solved with smoke and mirrors.”
I think that it’s far more likely that Johnson et al know that being held responsible for what happens in Chicago can, however, certainly be stalled with smoke and mirrors & progressive blather and harrumphery.
We’ll see how long it takes for the woke whoo-haaa to be replaced with dollars-n-cents and who pays and when.
Poor Taxpayer
3 years ago
The Chitty is in a free fall, cannot be stopped now. The numbers are in and they are full of RED INK. Double taxes every 5 years for the next 50 years and it still may not be enough to make it out alive.
Giddyap
3 years ago
BJ the Race Clown — like every filthy communist rat — will soon find out what happens when he runs out of other people’s money
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
When cities and states routinely mismanage taxpayer revenue, there always seems to be fiscal cliffs ready to fall off of. The solution almost always seems to be more taxpayer revenue needed to mismanage, aka, the financial death spiral.
Ralph explains at length why Chicago taxes just must go up a whole lot and very soon, but assures us that, “The good news is Johnson recognizes Chicago’s fiscal challenges can’t be solved with smoke and mirrors.”
I think that it’s far more likely that Johnson et al know that being held responsible for what happens in Chicago can, however, certainly be stalled with smoke and mirrors & progressive blather and harrumphery.
We’ll see how long it takes for the woke whoo-haaa to be replaced with dollars-n-cents and who pays and when.
The Chitty is in a free fall, cannot be stopped now. The numbers are in and they are full of RED INK. Double taxes every 5 years for the next 50 years and it still may not be enough to make it out alive.
BJ the Race Clown — like every filthy communist rat — will soon find out what happens when he runs out of other people’s money
https://www.goodreads.com/quotes/138248-the-problem-with-socialism-is-that-you-eventually-run-out
Is round boy the lone down vote?