Chicago lost 8,208 residents in 2023, the third-largest decline of any city in the nation. At this rate, the Second City will drop from No. 3 to No. 4 by 2035
Mayor Brandon Johnson has moved on from his failed tax hike and found a good answer to Chicago’s housing affordability issue. His “Cut the Tape” proposal would streamline the housing and commercial development process, increasing the supply and affordability.
In Illinois’ fifth year of recreational cannabis sales, it’s already made nearly $180 million in tax revenue. But it is losing sales to neighboring states with lower taxes.
Now that Mayor Brandon Johnson’s real estate transfer tax has failed, here are eight practical ways Chicago can provide more affordable housing without raising taxes.
10 of the 13 Illinois metro areas added jobs from January 2024 to February 2024, led by the Chicago-Naperville-Elgin area. Five still reported fewer jobs than prior to the pandemic.
Illinois’ unemployment rate tied for 3rd worst in the nation in February 2024 after a decline in the number of jobs statewide during the past 12 months. Illinois continues to lag the nation and all its neighbors in job growth.
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.