‘No Silver Bullet’: Aldermen Start Confronting Massive Budget Shortfall – WTTW (Chicago)

City CFO Jennie Huang Bennett told members of the City Council’s Finance Committee Monday that several measures long favored by progressive aldermen would do more to hurt than to help the city’s dire financial condition - the so-called LaSalle Street Tax, a monthly head tax and video gaming, among them.
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Bill
3 years ago

Wow… Maybe J Beluga and Queenie should stop bankrupting all the small businesses in the city and state because that is rapidly becoming their only source of revenue. Oh, and before you chase the few productive citizens that are left in the state out by taxing them even further, you had better consider radically reducing welfare because that is where all the money is going. If you think that I am kidding just look at Blagojevich’s “FamilyCare, KidCare, & AllKids” giveaways and then compare those costs to the “Pension Crisis time line”. Communism, Socialism or whatever you want to call… Read more »

3 years ago

City income tax after they pass a statewide progressive tax. Then at the margin taxes and fee hikes. They will go after business before people. City income tax will be people who make 100k a year or more, 1.5%

Old Spartan
3 years ago

Wait a minute– Rahm Emmanual’s emergency $500 million property tax increase solved all the problems didn’t it? Is there anyone left in the City of Chicago who has a memory or the intelligence to ask what happened to the $500 mil? Or is the answer so obvious you don’t even have to ask– it went down the sewer and didn’t solve a darn thing.

The test now is whether Chicagoans will get run over again without an objection.

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