John Schmidt: Illinois should restore the 10% local share of state income tax to Chicago, other municipalities – Chicago Tribune*

"For the state, the loss of these revenues is easily accommodated in an almost $50 billion annual state budget...For Chicago and other cities, that amount is much more significant. And importantly, it is not a one-shot revenue source but a continuing and growing participation in the strength of the state’s economy."
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Traice
3 years ago

Better idea, instead of constantly raising taxes, let’s cut frivolous spending!

George`s Wooden Teeth
3 years ago

DUOCHE BAG ^^^^^^^^^^^^

Riverbender
3 years ago

Here is a better idea. Give the taxpayers back the funds.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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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