Lawsuit filed with Circuit Court in effort to stop Bring Chicago Home referendum – Daily Line

A coalition of real estate industry groups and other commercial groups filed a lawsuit Friday morning against the Chicago Board of Election Commissioners alleging the city’s Bring Chicago Home ballot question is legally invalid in a few ways: primarily that the city has no authority to bundle a real estate transfer tax increase on high-end sales with a tax decrease on less expensive sales, but also because it is not specific enough about how the revenue raised will be used.
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Streeterville
2 years ago

Good luck with that – Cook County Circuit Court controlled by Cook County Democratic Party, ergo Preckwinkle, Evans, and “progressive” politics.

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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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