As a Chicago native, I have watched my home city unravel under the policies of Mayor Brandon Johnson and the ultra-left city council. Controlled by groups like the teachers’ union, the city has continued to spend lavishly on progressive causes and bloated pension funds while destroying its own economy. The city has a more than $1 billion budget gap, with a roughly $150 million deficit. Roughly, two-fifths of the budget is now going toward debt service and pension costs. The city council is following a familiar death spiral. It is turning to higher taxes against the very industries that it needs to drive the economy. That now includes a roughly 20 percent tourist tax on hotels. These politicians are doing what the Chicago fire failed to achieve: kill a major city.
Continue reading “Chi-Town Meltdown: Chicago Ramps Up Taxes and Debt in Familiar Death Spiral”














