-- Connecting the dots between our economy, government and business --
The mayor's statement did not acknowledge that her proposal was politically dead-on-arrival in an election year at a time when her relationships with City Council members remain at a low point. Instead, she said the faster than expected recovery of the city’s economy from the fiscal catastrophe unleashed by the COVID-19 pandemic meant the property tax hike was no longer necessary.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
Summary and audio linked here.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Audio and summary
Hmmmm…..if the city is so flush with cash, why is she always mooching or as others would say panhandling ! Hi! I’m Lori and I’m full of sht!
Nice backpedaling, LL!
Somebody should mansplain debt to Lori. If she’s concerned about her election chances?
Run, run away. Run away as fast as you can!
This is the problem with Chicago finances. Everyone knows they need to raise taxes but instead the politicians lie to the voters so that they can get re-elected. Do that enough and you fiscally end up where Chicago is today. Voters don’t reward honesty so instead of paying more in taxes today they will need to pay even more in the future. Lazy voters truly getting what they deserve.
Tip O’Neil said it best; “the people have the government they deserve.”
You are advocating spending our way out of debt.
No. The money has already been spent. I’m advocating being honest with voters and tell them you need to increase taxes because you already spent the money on other feel good initiatives.
Burying your head in the sand and ignoring the debt won’t solve the problem. That’s the current course heading. Chicago and its voters have no appetite to cut spending so the only other solution is more taxes. Don’t worry though. Eventually taxes will be increased even more.
Warren Buffet’s once said, “When the tide goes out, you find out who is swimming naked” when assessing over-leveraged companies. This adage applies to municipalities as well. The tide is going out and everyone knows that Chicago is swimming naked. No amount of taxing or spending cuts will be enough to solve Chicago’s problems. Chicago today is Greece in 2008. It’s been 14 years of pain and austerity ever since which caused even more pain. “Over 350,000 Greeks, or 3% of the population, emigrated between 2010 and 2013, according to official data. Almost 270,000 of them were young people aged… Read more »
If the recovery from COVID was faster than expected then the state of emergency must be over