Johnson must break two campaign promises to get budget passed, City Council critic warns – Chicago Sun-Times

Ald. Marty Quinn (13th) at a Finance Committee meeting in 2019.“I don’t see other revenue streams filling the hole that’s needed. So I think a property tax will be on the table. And in order to get to that point, ShotSpotter will be negotiated. … I don’t think there’s a big appetite to take on a budget if ShotSpotter is not on the table. … ShotSpotter is going to have to be part of the equation," Ald. Marty Quinn said.
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David F
1 year ago

Next they will flip or raise the Chicago transfer tax put the larger burden or all of it on the seller.
Go to screw the residents on the way out that will never vote again.

MsT
1 year ago

Yeah, let’s raise the property taxes. My assessed value just went up by 14%, creating a market value that is about $100K higher than the actual market value if I sold my house. Sure, let’s charge more every year in every way possible. Let’s get those exit numbers from Chicago to be the highest in the nation. Their eyes are bigger than my stomach. Kiss Chicago good-bye.

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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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