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Still Sore Over Budget Battle, Mayor Warns Chicago Could Face Financial Crisis
City Council’s budget plan replaces proposed corporate taxes with uncertain revenue measures, risking a $163 million shortfall and potential midyear service cuts, officials warn.
Summary by Block Club Chicago
2 Articles
2 Articles
Still Sore Over Budget Battle, Mayor Warns Chicago Could Face Financial Crisis – Block Club Chicago
Speaking about affordable housing and economic development projects, Mayor Brandon Johnson said, “There are very few levers that I have as mayor in Chicago to generate revenue, one of which of course is property taxes. Eighty percent of the revenue generated from property taxes is going to pay off pension debt, pensions that were not paid into by previous administrations.”
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Total News Sources2
Leaning Left1Leaning Right1Center0Last UpdatedBias Distribution50% Left, 50% Right
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
50% Right
L 50%
R 50%
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