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Mayor Brandon Johnson says that for Chicago to function fully, he needs $ 300 million. To do this, he wants property tax revenue from homeowners and real estate investors in Chicago, which will allow him to cover the budget deficit. So, why is Chicago so broke? Why is there a hiring freeze, and why can we not hire 700 vacancies in the Chicago police department when crime rates are skyrocketing? Why does Chicago need to make across-the-board personnel? Why is Chicago increasing fees and costs on city services, such as parking and other revenue-generating portals?
The answer is obvious. Mayor Johnson has welcomed tens of thousands of illegal immigrants, costing the City of Chicago 1 billion dollars.
From the moment he assumed office in May 2023, Chicago Mayor Brandon Johnson has dealt with a complicated economic situation. His administration set out to solve a budget deficit that is expected to reach almost $1 billion by 2025, all while trying to keep key city services running.
Budget Gap and Suggested Steps
In order to fill the gap of 986 million dollars, Mayor Johnson’s administration has proposed a balanced budget that relies on responsible spending and investing. Some highlights are as follows:
Operational Efficiencies: Reducing the headcount by over full-time 744 non-core CPD civilian positions, with 456 being from the Chicago Police Department (CPD). The primary goal is to enhance efficiency without jeopardizing public safety.
Revenue Enhancements: A boost in the tax rate on cloud computing services by 128 million dollars and a rise in parking, grocery bag, rideshare, and streaming taxes. These moves aim to broaden the revenue base of the city.
Tax Increment Financing (TIF) Surplus: A historic 570 million dollar surplus of TIFs to support Chicago Public Schools, libraries, parks, and City Colleges enables the city to invest these taxpayer dollars back into essential public assets.
Effects of the Migrant Surge
Chicago has received over 42,000 undocumented migrants, and with it has incurred unprecedented expenditures of around 299 million dollars. Since the time Mayor Johnson took office, the city has spent over 215 dollars. The spending has been directed to shelters, food, medical services, and other areas deemed necessary.
The financial commitment in support of migrants has further deepened the discussions among citizens and government officials, especially with the emphasis on the budget deficit.
Some community members are worried that spending money on migrants might decrease the resources available to long-time residents. They have made this point in public meetings where they have asked to serve locals first.
Federal Immigration Law Considerations
In discussions about federal laws on immigration, the status of Chicago as a sanctuary city has been a constant feature. Mayor Johnson has restated that the city will continue to house migrants, even when it might bring more costs and lawsuits. This position also reflects a conflict on the allocation of powers of local governments with immigration policies, particularly in times when federal aid may be scarce.
Public Response and Political Implications
These policies by the administration have drawn different reactions from citizens. In reply to the humanitarian efforts of the city, some residents get outraged by the increased taxes and steeper spending. Town halls have turned into outlets for people to vent, with many asking why so much money is spent and what the consequences are on the communities.
Finally, Mayor Brandon Johnson’s governorship has to do with attempts to control public finances while being supportive of social spending.
Chicago’s policies and public discussions have been affected recently, and quite a lot like the challenges of having a deficit budget along with the costs involved in managing a large migrant community.
Allowing the crossing of border illegal immigrants causes a $1 billion deficit in the budget, which Chicago homeowners and real estate investors can cover up with an additional $300 million tax in 2025. Shouldn’t the citizens of Chicago and other cities do something and eliminate incompetent politicians? Besides Mayor Brandon, Illinois Governor JB Pritzker is another incompetent politician who needs politician experience running a large city and state.
https://www.youtube.com/watch?v=yoEZxyBGfzc
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This discussion was modified 1 month, 1 week ago by
Gustan Cho.
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This discussion was modified 1 month, 1 week ago by
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Chicago, Illinois branded as the top three city in the .United States.
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Property Tax Assessment Fraud Nationwide. Did the Jackson County Property Tax Assessor commit Property Assessment Fraud? Missouri orders Jackson County property tax rollback, sparking fears of budget shortfalls. What parcels are in Jackson County, Missouri? What role does a tax assessor play in determining property taxes? How do I get the extra money I paid in property taxes due to property tax assessment fraud?
https://youtu.be/sVGD2ccUiq0?si=hiyhLJZa3U-o5eyN
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This discussion was modified 7 months, 2 weeks ago by
Gustan Cho.
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This discussion was modified 7 months, 2 weeks ago by
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How does the county assessor’s office value home prices and property taxes? What does the assessed value of a home mean? What factors are used by the assessor in determining my home’s assessed value and property taxes? How can I reduce my property taxes? What is the maximum property tax increase in each of the fifty states? Do seniors get a break in property taxes in every state? Where are my property taxes used for? Should homeowners challenge property tax assessment with the county assessor? What is the step by step process in disputing and challenging your property taxes? What are frequently asked questions from homeowners about property tax assessments. What is the difference between assessed versus market value on real estate. What is the basic explanation of property assessments? How are owner-occupant homes, investment homes, and commercial properties assessed and how are the property taxes on these three different types of properties determined?
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Population numbers in cities with high property taxes are decreasing. The populations of cities with high property taxes are dropping rapidly, as scores of homeowners are shifting to other cities where property taxes are lower. This is a key issue which needs to be recognized because it shows us important facts about our communities and housing markets. This phenomenon is happening in different parts of the United States too. Here’s an overview:
Tax Migration: The movement from high-tax areas to low-tax ones is often referred to as “tax migration” or “tax flight.”
Property Taxes: High property taxes act as one major driver for this trend; however, they usually come within the context of a wider high-tax environment encompassing income and sales tax.
Major Examples:
New York has had many people leave them recently due their state’s high taxation policy; Illinois (especially Chicago) has seen similar numbers go away over time because theirs are just too expensive; California also experiences significant outflows annually from those who can no longer afford living there.
On the other hand, states such as Florida or Texas which do not levy individual income taxes at all attract lots newcomers looking seek refuge away From these burdens; Tennessee falls into this category too
Scope: Each year tens-of-thousands leave large metropolitan regions alone – much less smaller ones like Buffalo NY or Cleveland OH – altogether accounting for millions across America each decade!
Implications For Cities: There could be urban decline if people keep leaving cities with higher taxes. City governments may earn less money and struggle with budgets.
Remote Work: With COVID-19 forcing companies into allowing employees work remotely full-time, more working individuals have been given an opportunity never before possible – move without switching jobs!
Cost Of Living Among Other Factors: Taxes definitely drive some moves but things such as cost living differences job availability climates etc also make up part or all motivation behind migration patterns
Political Representation & More: Political power will shift when enough people move out; economies will change too origin places get new businesses destination areas see theirs decline; housing markets could crash in former hotspots while booming elsewhere…
Policy Solutions: Some higher taxed areas are considering implementing new policies that will help them keep residents from leaving. They may reduce taxes or provide other incentives.
Complexity: Causes and effects of this trend can be complex and vary by region, but it is happening!
This shift in where people live is changing who represents them and how their cities are run. It could alter housing markets forever as well… There may be long-term implications for political representation, local economies, and housing markets in origination & destination cities alike.. That being said take into account each specific situation because what’s true here might not hold water elsewhere
https://youtu.be/yrNjUCmTURg?si=PoySl46rKGWN2-Ys
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This discussion was modified 9 months ago by
Gustan Cho.
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This discussion was modified 9 months ago by
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