Chicagoans know new revenues won’t be used to pay for better roads, classrooms or public safety – these tax hikes won’t even fix what’s ailing the city’s bottom line.
Driven by a costly tax burden, Chicago’s high cost of goods and services lands the Windy City in the top 10 for the most expensive 71 cities across the world, according to a new survey by UBS.
Chicago Mayor Rahm Emanuel calls for property-tax hikes, garbage-collection fees and ridesharing surcharges as a stop-gap measure to plug the city’s $750 million budget hole.
The proposed change in city code would further tilt the scales in favor of the politically powerful, as they could be granted full knowledge regarding the investigation on their wrongdoing, including information on who brought the case to light.
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.