The city announced the other week that 7 TIFs in the downtown area would be swept for all surplus funds and shut down earlier than planned. TIFs are tax districts that are created to help blighted areas improve by…
As the new fiscal year started for the Chicago Public Schools, Rahm Emanuel and interim-CEO Jesse Ruiz announced $200 million in cuts, including 1400 layoffs, while warning that even more devastating cuts to the classrooms will be coming down the line if the state fails to act on his legislative agenda - a legislative agenda that included no new progressive revenue sources.
On June 29, 2015, over 100 Chicagoans from dozens of nonprofit organizations, unions and universities came together in Bronzeville to discuss real revenue options that are based on sound research and already successfully implemented in states across the country. For…
With Governor Rauner pushing for bankruptcy amid multiple downgrades to Chicago debt, the big question appears to be, is Chicago on the road to Detroit? An In These Times article by Saqib Bhatti explains how the entire paradigm – that…
In 2012, Kansas Governor Sam Brownback cut income tax rates and created exemptions that made business profits essentially tax free. Instead of generating growth, as the Governor, his Koch Brother allies, and budget consultant Arthur Laffer had theorized, revenue fell…