On the same day we see a recent record of nine homicides in a single day and Tiny gets run off stage at a town hall meeting, word comes down that the fine residents of Chicago are about to take it up the tailpipe:
“Mayor Rahm Emanuel is set to call for the largest property tax increase in modern Chicago history to raise enough money to make a major pension payment for police and firefighters next year, the mayor’s City Council floor leader and a City Hall source told the Chicago Tribune late Wednesday.
The mayor also plans to push a new garbage collection tax, a new per-ride fee on taxis and ride-hailing services such as Uber and a new tax on electronic cigarettes and smokeless tobacco products.
The mayor is considering a property tax hike of between $450 million and $550 million for police and fire pensions, but he has yet to settle on a final number, a City Hall source said. O’Connor put the figure at $450 million for police and fire pensions, plus another $50 million for a Chicago Public Schools construction program.”
We’re broke and have been broke for a long, long time but there’s not a single mention of anything being cut, just increases. If you think rents and the cost of living is high now, just wait.