Posted on 10/18/2020 9:46:13 PM PDT by ConservativeStatement
Chicago Mayor Lori Lightfoot is considering a $94 million property tax increase, layoffs for more than 300 city workers and a gas tax hike as part of her plan to close a $1.2 billion budget deficit, sources told the Tribune.
Lightfoot also is considering about $500 million in refinancing city debt to help close the deficit, sources said.
(Excerpt) Read more at chicagotribune.com ...
A tax on the families of every gunshot victim would close that budget gap quickly.
#12 those are only ghost job workers. No real person ever gets fired by the gov’t.
makes sense, thanks.
So, the Finance Committee has passed the mayor’s proposed budget that includes an automatic annual property tax increase, without future City Council approval. The automatic tax increase will be five percent or the rate of inflation, whichever is less. This does not prevent the mayor from going to the city council for an even greater increase. Chicago will almost certainly need that in the future, given that 80 percent of Lightfoot's budget is balanced by borrowing, unspecified “efficiencies,” and yet-to-be negotiated contract savings. And don’t forget the city’s unresolved pension funding issues...
Is the shit gonna hit the fan soon?
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