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re: Chicago Faces $1.2 Billion Budget Shortfall Following Catastrophic Economic Collapse
Posted on 9/2/20 at 12:41 pm to the808bass
Posted on 9/2/20 at 12:41 pm to the808bass
quote:
and sports gambling
Sports gambling will net $100-$150M in proceeds. So, we're 20% of the shortfall through those 2. Large chunk may have not been the correct word, but the point still stands.
Posted on 9/2/20 at 2:49 pm to CHiPs25
quote:
So, we're 20% of the shortfall through those 2.
Just need another $800M. That’s just 7% of the city budget.
Maybe they can raise taxes again.
For the trillionth time.
State income tax is only 4.95%.
And property tax only runs about $8500 on a $500k home.
It’s a fricking paradise.
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