Chicago lost nearly 1-in-5 businesses between 2015 and 2024, translating to nearly 11,200 fewer businesses operating in the city. Of the city’s 98 neighborhoods, 80 lost 10% or more of their businesses. Mag Mile lost 41% of its stores.
Not enough revenue? How about too much spending. Chicago outpaces many of America’s biggest cities with a 62% spending spike since 2019. That’s what’s driving deficits.
The second installment of Cook County property taxes should have been paid Aug. 1. The county can’t get the calculations completed, so the bills are on hold.
“Bring Chicago Home” would classify more than 100 grocery stores as high-end properties that need to “pay their fair share” if sold. Chicago Mayor Brandon Johnson’s rhetoric fails to match his tax hike’s realities.
The Chicago Teachers Union is pushing a plan to tax “mansions.” But the tax would mainly hit commercial buildings, such as the building where the union is housed.
Illinois students could soon benefit from scholarship money to help them find a tutor, attend ACT or SAT prep sessions, pay tuition, get special education services or assist with other academic needs. That will happen in Illinois only if Gov. J.B. Pritzker lets the state’s schoolchildren benefit from the Federal Scholarship Tax Credit program, established...