Chicago leaders are using another gas tax hike to help fill a budget hole driven by pensions. Total gas taxes and fees are closing in on $1 per gallon.
A typical Chicago homeowner faces up to $255 in potential property tax increases to cover city and school deficits. City income taxes could be next, if the ‘fair tax’ were to pass.
Some of those leading Illinois’ response to COVID-19, or those close to them, have not exactly been following the rules about staying home and social distancing.
The city of Chicago has temporarily relaxed its controversial ticketing and towing scheme, as residents face worsening financial uncertainty in the midst of a global public health crisis.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.