-- Connecting the dots between our economy, government and business --
Due in large part to the recent decimation of commercial property values in Chicago's urban core, the median residential tax bill in the city this year rose by 16.7% to $4,457
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
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Audio and summary
The 16.7 percent increase in Chicago residential PTs wasn’t due to property reassessment, right? It’s absolutely amazing what City of Chicago bloat can devour at any time for any reason.
It’s not only in Chicago bloat and high property taxes are across the entire state of Illinois
Higher taxes and lower services. This is the game plan going forward. More and more people will flee the area, and taxes will go even higher for those who choose to stay. Over 40% of Chicago’s budget goes to debt payment and pensions (legacy costs), so you know taxes will not go down anytime soon.
Higher taxes for the good citizens of Chicago – Cool!
They seem to like them so who are we to say otherwise.