In 2009, the CTA received $25 million in direct funding from the state but it still needed to cut service to close a budget deficit after union workers refused to return a 3.5% pay raise.
Governor Pat Quinn claims that $3.2 billion in new personal and corporate income tax receipts are necessary to put Illinois’s budget back in the black. In a down economy, however, the last thing that families and businesses need to worry about is the dangling noose of higher taxes. The Illinois Policy Institute recently released an...
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.