Lightfoot would be wise to steer clear of these tax ideas – Editorial – Crain’s

Revenue-raising ideas trotted out by a coalition of progressive groups and a handful of like-minded aldermen during a Sept. 10 news conference landed with a thud.

"But...there are signs that the conga line of capitalists looking to pour money into downtown real estate is thinning. Office building capital flows here dropped 87 percent in the first six months of the year compared to last year, according to one study. Similar research projects that in terms of all commercial transactions, Chicago still will rank fifth nationally for investment in the last half of the year, but finds the dollar total is slipping, down 57 percent in the first half, even as another report finds a 13.7 percent gain in investment for North America as a whole last year.

"What's chilling that investment? There are too many factors to narrow it down to just one, but wariness over Chicago's frail financial health and the new regime's prescriptions for healing it are certainly part of the mix.

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Your property taxes pay for government workers’ guaranteed salaries, benefits and pensions while you get no such guarantees – Wirepoints on with Jeff Daly of WZUS Decatur Radio

Ted joined Jeff Daly to discuss why Illinois’ property taxes are such a national outlier, why Illinoisans are forced to pay the high, guaranteed salaries, benefits and pensions of the government class, why Illinoisans aren’t getting their money’s worth for what they pay, the teachers unions’ influence over elections, and more.

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Number of half-empty Chicago public schools doubles, yet lawmakers want to extend school closing moratorium – Wirepoints

A set of state lawmakers want to extend CPS’ current school closing moratorium to February 1, 2027 – the same year CPS is set to transition to a fully-elected school board. That means schools like Manley High School, with capacity for more than 1,000 students but enrollment of just 78, can’t be closed for anther three years. The school spends $45,000 per student, but just 2.4% of students read at grade level.

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