Tags:
I live in Hammond IN (I'm 15 minutes from south Chicago) and the roads are cruddy too...
Jessica said:I know that Chicago has done budget cuts...but some of it has to be attributed to the high gas prices of the summer...they simply have no money left.
I live in Hammond IN (I'm 15 minutes from south Chicago) and the roads are cruddy too...
There are several factors. Pretending for a moment that there's no waste or misappropriation in Chicago city government, and that all employees were chosen for their qualifications and excellent work ethic, the largest is probably decreased tax revenues (these depend on people buying and selling goods, services, property, and less of that is happening). Didn't help that Blago forced the city to foot the bill for seniors and disabled riders getting free access to CTA, although I don't know whether that's just a drop in the bucket.
I think the biggest finance/tax issue is TIF funding. There are so many TIFs in chicago right now that they siphoned off somewhere around $400-500 million in tax revenue to funds that alderman get to allocate pretty much however they want. Some of it is used for important stuff but quite a bit probably isn't and it's all cash that's not going to the general tax fund.
203 members
1 member
270 members
1 member
261 members