Chicago homeowners on the South and West Sides are bracing for huge property tax hikes, driven by surging assessments and government spending tied to pensions.
Prices for DoorDash, Uber, Ticketmaster and Illinois tolls might go up now to cover $1.5 billion for Illinois transit agencies. A real estate transfer tax for homes in the Chicago suburbs is also on the table.
Chicago Transit Authority ridership is still below pre-pandemic levels. Crime and a budget shortfall make matters worse, but there are cost-effective ways to make it safer.
As veto session begins and power goes back to the Democratic majority state legislature, the consequences of a single-party state are more evident than ever.
Former Illinois House Speaker Michael Madigan’s 7.5-year federal prison sentence started Oct. 13 for his role in a bribery scheme involving Commonwealth Edison, Illinois’ largest utility.
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.
Illinois can take credit for plenty of Starbucks’ pumpkin spice lattes. The state produces enough pumpkins to make nearly 8 billion pumpkin spice lattes, the most pumpkins in the U.S.
If Chicago’s pension systems become insolvent, the city will have to reduce benefits or make serious cuts to city services. The only way out is constitutional reform.
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.