Home Chicago News Lightfoot to lower the boom on Chicago taxpayers Aug. 29 – Chicago... Lightfoot to lower the boom on Chicago taxpayers Aug. 29 – Chicago Sun-Times August 8, 2019 11 Facebook Twitter Linkedin Email Print 11 Comments Newest Oldest Most Voted Inline Feedbacks View all comments nixit 1 year ago Hello, City Worker. May I introduce you to Mr. Furlough? 0 Tom Paine's Ghost 1 year ago The only answer is for Lightfoot to finally gut AFSCAME, CTU and SEIU and declare Chicago bankruptcy. The sooner the better. Anything else is simply delaying the inevitable. The math is inexorable. 2 joe blow 1 year ago I’ve got my popcorn ready for this one 1 DantheMan 1 year ago I wonder if Ms. Socialist Mayor will even mention layoffs, wage freezes, or wage cuts. That’s what the private sector does routinely when facing a bad balance sheet. The more likely scenario is more fees, taxes, and borrowing if she can find something of value the city hasn’t already used for collateral. 1 Rick 1 year ago Chicago property taxes are relatively low compared to many suburbs, she has lots of room to raise property taxes in a relative sense. 2 Bob out of here 1 year ago Reply to Rick One of the things people overlook is the fact condos are taxed significantly less than SFH’s as a percentage of value. Condos pay 1.3%, where SFH’s pay 2.1%. Just equalizing that would bring significant relief to homeowners. Condo owners call the same police and firemen, drive to work on the same roads, and send their kids to the same schools. Yet they pay a lot less even though they use the same amount of city resources. 1 Willowglen 1 year ago Reply to Bob out of here Practically speaking, isn’t the only material source of incremental revenue – in an amount needed to even come close to covering the budget gap – with substantial property tax increases? Condo owners will be sensitive to property tax increases, as will the property values. Condo dwellers typically have high association fees, and with the poorly run associations, really high fees. This won’t be pretty. 0 debtsor 1 year ago Reply to Willowglen I’ve heard anecdotally that the condo market is really bad, and some of the realtors I know are saying things are slow too. It seems like the sales figures are reflecting this too, 0 NB-Chicago 1 year ago Thank you rahm you for screwing us chicago home owners even wourse than daley..thank you useless press for lappen up all the fake accounting spin….and now rahms a abc news analyst expert?? 0 debtsor 1 year ago Nonsense. The answer to all her problem is right under her nose. All she needs to do is tax the air we breathe. She can geofence the city and charge a progressive per-breath tax. 20 breaths a minute, pay $2.00 ($3.00 for rich white people, $1.00 for poor POC). The $$$ will just roll in. The mere presence in the city of people will mean they have to pay tax. It’s a win win for everyone. 1 Freddy 1 year ago Reply to debtsor Considering that according to government standards (6Ft tall and you weigh over 10 lbs) most of us are now obese. So scales ( or weigh stations) should be set up all over and weigh us and we pay tax’s(fines) accordingly. They do it for trucks why not people? Tax bonanza!!! P.S. Tax cholesterol also. 0 Wirepoints Original Stories “Este estado es el más corrupto del país. Si damos miles de milliones de dólares mas a los políticos, empeorará la situación.” – Ted on Univision September 28, 2020 Ted was on Univision warning Illinoisans about the negative impacts of tax hikes like the progressive income tax. He warned that giving billions more to the most corrupt politicians in the nation would only make things worse. View Comments (1) | Add Comment Leave a Reply Cancel replyYour email address will not be published.Comment Name Email Website Sign me up for the WirePoints newsletter. Illinois’ COVID-19 data: Daily update for September 29, 2020 – Wirepoints September 28, 2020 Daily COVID-19 data update for September 29, 2020. View Comments (312) | Add Comment Leave a Reply Cancel replyYour email address will not be published.Comment Name Email Website Sign me up for the WirePoints newsletter. “Fix the problems instead of throwing more money into the bottomless pit that is unreformed Illinois” – Mark on with Mike Flannery September 28, 2020 Mark was on with Mike Flannery of Fox 32 Chicago last week discussing why reforms are needed in Illinois, not a progressive income tax. View Comments (9) | Add Comment Leave a Reply Cancel replyYour email address will not be published.Comment Name Email Website Sign me up for the WirePoints newsletter. New CDC Estimates: Fatality Rate For COVID-19 Drops Again And May Surprise You – Wirepoints September 27, 2020 Earlier numbers, which were far more frightening, got extensive press coverage. Very little media attention, however, has gone toward the new numbers. View Comments (27) | Add Comment Leave a Reply Cancel replyYour email address will not be published.Comment Name Email Website Sign me up for the WirePoints newsletter. Illinois tax revenue from wagering dropped 13% in FY 2020 – Quicktake September 25, 2020 Mostly due to the pandemic. View Comments (7) | Add Comment Leave a Reply Cancel replyYour email address will not be published.Comment Name Email Website Sign me up for the WirePoints newsletter.