Overlapping local government debt for Chicagoans – that from the city, its sister governments and the city’s proportional share of Cook County debts – now totals $71 billion. More debt to fund Amazon’s investment would only make things worse for the Windy City and its residents.
The Commission on Government Forecasting and Accountability has announced that the state’s pension debt remained virtually unchanged from last year, despite a continuing surge in stock markets globally.
At the very moment that the Cook County Board repealed its $200 million pop tax, the Chicago Public Schools publicly announced it was hiking property taxes by another $225 million. Politicians imposed one $200-million tax hike just as another one was killed.