"The Point of No Return"
Golly, who knew that spending a quarter-billion dollars on ILLEGAL aliens might come back to bite Chicago in the ass?
But don't worry - increasing taxes will pay for everything!
Chicago Mayor Brandon Johnson sounded the alarm Tuesday about Chicago's finances.
"We have reached a point of no return," Mayor Johnson said Tuesday. "The systems that people rely upon — education, health care, housing, our transportation — they are woefully underfunded, and everyone knows that. Everyone knows what, you know, my commitment is to progressive revenue. I can't do this by myself."
[...] The city of Chicago has a massive $1.1 billion budget gap to fill for 2026. Mayor Johnson promising has promised not to once again pitch a property tax hike — which the City Council unanimously rejected for 2025 — but said last week he's looking at creative ways to raise tax dollars.
The menu on that table appears to target Chicago's ultra-rich. Johnson said he is looking for ways to extract more tax dollars from the 127,000 millionaires who now call Chicago home, as well as the 25 billionaires residing inside the city limits.
The trouble with "extracting more tax dollars" from millionaires and billionaires though, is that they can simply adjust their residency to one of their other properties in a lower taxes state. they didn't get to be rich by giving the government extra money.
Has anyone looked at....oh, we don't know....cutting spending?
- closing under-utilized schools?
- getting rid of "assistant these" or "deputy those" who get inflated salaries via politically connected jobs?
- eliminate half of the exempt staff, all of the "deputy mayors," the so-called "gold braid" pensions that drain the fund via political appointments, not promotional exams?
- stop spending money on ILLEGAL aliens?
They never seem to look at the obvious savings.
Labels: money questions
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