Two bills now pending in the General Assembly authored by state Sen. Heather Steans (D-Edgewater) would create a system for regulating and taxing marijuana sales in an effort to bring in at least $350 million a year.
Have Chicago’s financial advisors ever shown the mayor and her city council what an extreme national outlier Chicago has become? Do the city’s top officials have any idea just how poorly the Windy City stacks up against the nation’s other major cities? Do they have any clue how much stress Chicagoans live under?
That’s separate and apart from loans by the Federal Reserve Bank to the state that we recently wrote about, which will increase to $3.2 billion when Illinois completes a recently announced addition to its Fed loans.