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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
Posted by CHiPs25
ATL
Member since Apr 2014
2909 posts
Posted on 9/2/20 at 12:41 pm to
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 by the808bass
The Lou
Member since Oct 2012
111733 posts
Posted on 9/2/20 at 2:49 pm to
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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