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 tax increase, despite its size, will not be enough, however, to cover all of the markers put down by the Chicago political machine in previous years, so
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.
This is not exclusively a Chicago phenomenon. Detroit has already been there and was finally forced into bankruptcy. The one-party, big city, political machines found it agreeable and easy to stay in power by making promises to the municipal unions (among others) that others would have to keep. So Mayor Emanuel is obliged to cover a
… major increase in police and fire pension payments that has been looming over City Hall since the General Assembly approved a state law when Mayor Richard M. Daley was in charge.
And as one Chicago Alderman says
"It's not as if we weren't warned, We have known for several years that the pension shortfall was going to cause us to make some really painful decisions, particularly if we didn't receive any relief from Springfield, and we didn't receive any relief from Springfield.”
Springfield being the capital of
The nation's fifth most populous state [which] is entering its third month without a budget, and there are no signs longtime Democratic leaders and the first-term governor are close to an agreement on confronting a shortfall recently projected at $5 billion.
Sooner or later, the bill comes due. Question is, how many businesses in Chicago (and Illinois) will decided they aren’t going to stick around and pay it.
Difficult, they say, to pass a family business on to the third generation. Proof of this assertion is the business known as the City of Chicago, run by the Daley family for two generations but now turned over to non-Irish carpetbaggers, with no future Daley in view.
Chicago mayor Rahm Emanuel might be in trouble. If a recent poll is to be believed, Rahm might have trouble getting reelected.
"Only one in five Chicago voters credit Mayor Rahm Emanuel with doing a better job of running the city than Richard M. Daley did, and only 29 percent would support him if the mayoral election were held today," the Chicago Sun-Times reports.
First Lady Michelle Obama and Chicago mayor Rahm Emanuel are teaming up to work on "youth empowerment," the White House announced today. They'll join together later this week in Chicago for an event on the issue.
First Lady Michelle Obama is headed next month to Chicago to discuss "Youth Violence," the White House announced today.
"On Wednesday, April 10, First Lady Michelle Obama will return to her hometown to address local business and community leaders about providing more opportunities for young people to achieve their full potential," the White House press release reads.
Rahm Emanuel, the mayor of Chicago and former White House chief of staff, was pushed this morning on why Barack Obama has not worried about guns since becoming president--until now, after the mass shooting at Sandy Hook school in Connecticut:
According to an Israeli newspaper, former White House chief of staff Rahm Emanuel, the current mayor of Chicago, blasted Israeli prime minister Benjamin Netanyahu for betting "on the wrong man" in the last presidential election. The allegation is that Netanyahu supported Mitt Romney in the election, and not the ultimate winner--President Barack Obama.