Mayor Lori Lightfoot says city faces $838M budget deficit in State of the City address – ABC Chicago

Comment: Read the text of the speech linked here if you want, but she said nothing concrete. Her cash budget numbers, as usual, mean little because the real problem is growing pension debt. She said nothing specific about what revenue or reform measures she will pursue. The only exception is a progressive real estate transfer tax, which she said she is committed to. We called that an Exit Tax on the wealthy when we wrote about it. Mayor Emanuel rejected it as "treating homeowners like ATM machines."
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nixit
6 years ago

Mayor Lightfoot, may I introduce you to Frederick Furlough?

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Gemini
6 years ago

Groot’s Speech? EPIC FAIL! The only big reveal from last night was that the deficit is $838 Million. Not a big surprise, and widely predicted. That is a statement of the PROBLEM. Groot, if you want to be a LEADER and not a MANAGER, we need to hear from you about a SOLUTION, not just the PROBLEM. Here is my Chinese menu of options: 1. Get Springfield to put a constitution amendment on the ballot to revise the pensions. This would be your best option. Because the pensions in their present form are mathematically unsustainable. 2. 10% across the board… Read more »

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debtsor
6 years ago
Reply to  Gemini

“Your status as an Affirmative Action triple play ain’t gonna allow you skate thru this one. ”

It’s actually a home run – woman, lesbian, black AND height-challenged.

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