Chicago would create new transit-based super TIFs before the close of the year in order to secure federal funding, while adding more opportunities for city-run slush funds to hoard tax dollars.
The city of Chicago paid over $146 million in police misconduct and public safety claims in 2013 and 2014, according to the city inspector general’s report.
North Carolina is gearing up for another reform effort to enhance the state’s competitiveness. This year, political leaders overhauled North Carolina’s tax environment. Beginning in 2014, the state’s progressive income tax will be replaced with a lower, more competitive flat rate income tax. And the new flat rates are scheduled to decrease even more over the...
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.