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New Ideas to Reduce Chicago's Budget Deficit

By
Mortgage and Lending with Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 NMLS ID# 158606

Chicago and Rahm Immanuel keep thinking of ways to drive people out of Chicago raise money to lower it's deficit.  Yesterday's great ideas that were suggested were to

 

  1. put tolls on Lake Shore Drive during rush hour traffic;
  2. Tax people who live in the suburb, yet work in the city....they hope to raise a $300,000,000 income because the suburbanites use city services like police (like when they're walking down Michigan Avenue and being attacked by a flash mob); Many people interviewed said that they'd work from home.
  3. They want to tax goods and legal services for another $450 million;
  4. A $100 per trash can annual collection fee so that they can raise another $125 million;

We'll see where this goes and how many people change their behavior when new "suggestions" become law.  Just last month another major business pulled out of Blue Island to move to Indiana stating that it will save over $500,000 per year on worker's comp costs alone.

Chicago needs their money, but Chicago just doesn't get it!

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Comments (8)

Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

This is a toughie..I don't know why anyone would want to be in public office with all the criticisms out there...

Sep 28, 2011 02:43 AM
Broker Nick
South Florida Real Estate & Development, Inc. - Coconut Creek, FL
Broker Nick Relocation Broker Service

Congratulations - This post is now featured in Silent Majority Group of Active Rain!

Sep 28, 2011 02:58 AM
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home is where the hearth is.

Tolls on Lake Shore Drive... say it ain't so, man.... say it ain't so!

Sep 28, 2011 03:04 AM
E H
None - Amos, QC

Larry, I too do not understand why increasing taxes is the prefered method of solving an over-spending problem.

Sep 28, 2011 03:20 AM
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Hey Larry -

Don't even get me started on this subject.  I will say may the force be with you and all of Chicago!

Best regards from The Q

Sep 28, 2011 04:07 AM
Steven Cook
No Longer Processing Mortgages. - Tacoma, WA

Larry -- Evan has it right, it is an over-spending problem.  Cut the spending - cut back the government.

Sep 28, 2011 07:19 AM
Michael Collins
*ROCK REALTY|Broker|Realtor|Real Estate|WI Short Sale Agent* - Janesville, WI
CDPE, SFR , Wisconsin Short Sale Specialist Realto

Larry,

I've seen quite a few companies jumping over the border to move shop to Wisconsin. Fat Wallet is one that comes to mind.

Good luck down there!

Sep 28, 2011 08:40 AM
Broker Nick
South Florida Real Estate & Development, Inc. - Coconut Creek, FL
Broker Nick Relocation Broker Service

Ironically, I have several clients moving to Chicago and they are so excited o be with their families again.

Sep 30, 2011 01:41 AM