Linda Ekendahl hoped buying property for her business would be the best move – until her $30,000 property tax bill came. Another tax hike under Amendment 1 would further damage her business.
Three years after Chicago Mayor Lori Lightfoot campaigned on a pledge to reduce fines and fees, the city issued over 1 million parking tickets in the first half of 2022 – a 25% bump from the same period a year earlier.
Statewide commercial property tax extensions are on pace to total $11.3 billion by 2026. Amendment 1’s expansion of government union power would likely accelerate that $1.8 billion increase.
The Cook County Board voted unanimously to repeal the sticker mandate on drivers living in unincorporated Cook County starting in 2023. Drivers will save at least $80 a year.
Illinois state Sen. Emil Jones III is the latest politician charged with bribery as well as lying to the FBI in a corruption probe involving red-light cameras.
Over-promised benefits continue to sink Chicago’s finances as the recent bear market eats into 2021 stock market gains. Investments gaining 25% last year plus federal aid didn’t offer much help to city pension systems, which have more debt than 45 states.
Chicago reported more traffic deaths in the first six months of 2022 than in any year since 2017, despite speed cameras issuing over 1 million tickets – as many tickets as Chicago has households. Two-thirds of the fines were for speeding 6-10 mph.
The Chicago City Council Finance Committee voted 16-15 to repeal Mayor Lori Lightfoot’s policy issuing $35 tickets to motorists going 6 mph over the speed limit. The decision now heads to the full council for a vote June 22.
Chicago drivers were issued more speed tickets in 2021 than there are city residents. Annual ticket revenues doubled, but fatal crashes still increased.
Mayor Lori Lightfoot is considering a repeal of Chicago’s 8-cent-per-gallon gas tax to alleviate record-breaking prices. State gas taxes doubled in 2019 and state leaders are also considering a repeal.
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.