CHICAGO MAYOR DALEY - NO NEW TAXES, FEES, FINES IN 2010 CITY BUDGET! Really?

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Real Estate Agent with Dean's Team - Keller Williams Realty Partners Chicago IL

Increased City and County Sales Taxes! Higher fares for CTA Buses and El Trains!  Parking Meter Fees Quadrupled!  New, Special Taxes on Items Ranging from Soda Pop to Bottled Water!

But now, Mayor Richard M. Daley of Chicago promises no new taxes in the City Budget for 2010.  No increased fees.  And no under-the-table increases in city fines and penalties.

Many long-time Chicagoans are somewhat skeptical!  

They point to a projected $550 Million Budget Shortfall here in Chicago for next year.  Around these parts, the words "Budget Shortfall" are often closely followed by Higher Property Taxes, Higher CTA Fares, and Higher Sales Taxes, sometimes on such "sin" items as liquor, and cigarettes.

But not this time, according to the mayor!

As quoted to Chicago Tribune Reporters Jon Mihalopoulos and John Byrne in today's Clout Street Blog in The Trib, "Times are tough. I don't feel right asking (people) to pay more for city government right now."

This time around, however, the mayor refused to rule out cutting services to save money, or perhaps even raiding reserve funds from the much-maligned Chicago Parking Meter Long-Term Lease Deal of earlier this year, or an earlier lease of The Chicago Skyway to an outside firm.

He also was behind layoffs in many City of Chicago Departments over the past 18 months, as well as furlough days and other concessions from many unionized city employees.

As tax revenue declines in many larger municipalities due to the recession, it's becoming tougher and tougher to fill those budget holes.

Let's see if The Mayor can pull a rabbit or two out of his hat this time around - without the need for work-around fees!

Please read our post today via BlogChicagoHomes.com.

DEAN & DEAN'S TEAM CHICAGO

"STILL THE NUMBER 1 RATED ACTIVE RAIN BLOG IN CHICAGO!"

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Rainer
35,838
Gary Steuernagel ASSOC. BROKER, ABR, CRB
Keller Williams Southwest - Sugar Land, TX

It's a problem faced throughout the country, how to provide the same level of service with a lower revenue stream.  Then comes the question, if that can't be done then what services is the public willing to reduce or give up?  Reduce police, fire, bridge repair, street repair, indigent health care?  Hard questions with no easy answers for the short or long term.

Oct 15, 2009 05:43 PM #1
Rainmaker
423,943
Ellen Crawford
Berkshire Hathaway PenFed Realty - Fairfax, VA
Virginia & Maryland Real Estate

Maybe after elections he'll change his tune.

Oct 15, 2009 07:37 PM #2
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Rainmaker
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Dean Moss

Dean's Team Chicago IL Real Estate Team
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