Mayor Emanuel proposes huge new tax hikes

  • ChicagoSteve

    Posts: 1276

    Sep 23, 2015 1:20 AM GMT
    If this does not get me off the fence in terms of selling my condo, nothing will. I have news for him, Chicago is approaching unlivable. With another huge property tax hike, it will push it over the edge.icon_sad.gif
    You will soon need a six figure salary here just to make ends meet.



    Chicago Mayor Rahm Emanuel on Tuesday laid out a stark choice for the cash-strapped city as he proposed a 2016 budget aimed at resolving a financial crisis linked to unfunded pensions -- either slash vital public safety and other services, or enact the biggest-ever property tax increase.

    In a half-hour speech to Chicago's 50 aldermen, Emanuel said spending cuts would mean reducing 20 percent of the police force, closing 48 fire stations and laying off 40 percent of the city's firefighters.

    "In short, if we were to fund our pensions with cuts alone, our city services would become unreliable. Our city would become unlivable. And that would be totally unacceptable," he said, promising his plan would wipe out Chicago's structural budget deficit within the next four years.

  • tj85016

    Posts: 4123

    Sep 23, 2015 1:24 AM GMT
    he should propose a huge new tax hike on bullets
  • ChicagoSteve

    Posts: 1276

    Sep 23, 2015 1:35 AM GMT
    tj85016 saidhe should propose a huge new tax hike on bullets


    I'm not exactly sure when it happened, but this city has lost it's way. I have lived my entire life, in and around this city. It was always a very vibrant, state of the art place to live. In many ways it still is. It seems to have changed dramatically within the last ten years. For those of you who don't live here, several years ago, when then Mayor Daley ruled, the city sold the lease (99 years) on a highway linking Chicago to neighboring Indiana. The city sold it for something like $100 billion. No one can say what happened to the money. This has to be one of the most crooked cities in the U.S.
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    Sep 23, 2015 1:38 AM GMT
    Move out west! You'll save a fortune and love it here like many.....
  • tj85016

    Posts: 4123

    Sep 23, 2015 2:16 AM GMT
    ChicagoSteve said
    tj85016 saidhe should propose a huge new tax hike on bullets


    I'm not exactly sure when it happened, but this city has lost it's way. I have lived my entire life, in and around this city. It was always a very vibrant, state of the art place to live. In many ways it still is. It seems to have changed dramatically within the last ten years. For those of you who don't live here, several years ago, when then Mayor Daley ruled, the city sold the lease (99 years) on a highway linking Chicago to neighboring Indiana. The city sold it for something like $100 billion. No one can say what happened to the money. This has to be one of the most crooked cities in the U.S.


    I know, I like Chicago, I used to visit a lot when I worked for a company in Des Plaines, or for conferences at McCormick Place or the hotels. The older hotels like The Blacktone and The Drake are fun to stay at

    but Rahm is just a big mouth scam artist
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    Sep 23, 2015 2:33 AM GMT
    ChicagoSteve saidWith another huge property tax hike, it will push it over the edge.

    Please define "huge". I'm not seeing any numbers here for property owners.
  • ChicagoSteve

    Posts: 1276

    Sep 23, 2015 10:34 AM GMT
    Art_Deco said
    ChicagoSteve saidWith another huge property tax hike, it will push it over the edge.

    Please define "huge". I'm not seeing any numbers here for property owners.


    Here is what was reported yesterday:

    The mayor unveiled a 2016 budget that included a $543 million property tax hike, to be raised over 4 years. This will include a 12% increase on residential properties–and an even larger increase on commercial properties–valued at $250,000 or more. Properties valued at under that amount will be exempt. The plan would also create a variety of new fees, including on ridesharing, taxis, sugary drinks, and garbage pickup. There will also be a special $45 million tax for public schools.
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    Sep 24, 2015 5:07 AM GMT
    ChicagoSteve said
    Art_Deco said
    ChicagoSteve saidWith another huge property tax hike, it will push it over the edge.

    Please define "huge". I'm not seeing any numbers here for property owners.


    Here is what was reported yesterday:

    The mayor unveiled a 2016 budget that included a $543 million property tax hike, to be raised over 4 years. This will include a 12% increase on residential properties–and an even larger increase on commercial properties–valued at $250,000 or more. Properties valued at under that amount will be exempt. The plan would also create a variety of new fees, including on ridesharing, taxis, sugary drinks, and garbage pickup. There will also be a special $45 million tax for public schools.


    they need to tax.....
    Television, potato chips, fast foods, luxury goods, and masturbating! Foolish liberals will drive the economy in the ground.