Chicago Mayor Lori Lightfoot said Thursday she's exploring possible tax hikes to close the city's projected $838 million budget gap next year. (via WBEZ)
“If we don’t secure this casino and the revenue it generates, we will be forced to make painful choices on finding other revenue sources, and we all know what those are, the sources we wish to avoid,” Lightfoot said.
Lightfoot said that in her first 100 days in office contracts with vendors who don’t deliver have been canceled and she has cracked down on absentee employees. “To put this in perspective, folks, for every dollar you pay to the city, 80 cents goes to pay for the cost of personnel and benefits, along with pensions,” Lightfoot said.
But in a nod to Springfield lawmakers - who must approve changes to the state’s pension laws - Lightfoot said, “If we don’t get the structural changes that our pensions need, we will be presented with very hard and limited options.” The mayor didn’t offer specifics on what kind of changes she’s calling for.
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