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Originally Posted by sentinel
'From a political perspective, the budget fit Johnson’s progressive agenda, said pension expert Ralph Martire, executive director of the Center for Tax and Budget Accountability. But sky-high corporate profits buoyed this year’s revenue stream, and they are projected to eventually return to normal levels, Martire said.
And when they do, Johnson’s campaign promise to not raise property taxes could lead to “very significant structural flaws” without new revenue, he said
“There’s no way to get there from here if ‘from here’ means current revenue streams,” Martire said about the long march to the mayor’s remaining progressive goals.'
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These same people were saying two weeks ago that a large tax increase was coming. Maybe they don't know what they are talking about or have other motives?
Nobody knows what will happen to the economy over the next year. Meanwhile, there is no mention of nearly 20 TIFs expiring on 12/31/24. He doesn't acknowledge the casino. These both represent "new revenue" in the coming years.
Two years ago, it was sky-high income tax receipts that weren't sustainable, then it was pandemic funds expiring, now it is corporate tax receipts. It is another round of scare-mongering, while pushing doomsday out another year.
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Originally Posted by sentinel
Pritzker coming out and saying that he would veto any law (even if nothing was "proposed, never written, never filed, and never had a chance of passing", like you said) was clearly meant as a message to the BJ administration to pound sand.
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He was explicitly asked about it in an interview, so he answered. His first response was to point out that it doesn't exist:
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Let me be clear, there is no financial transactions tax on the table, period
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I don't see how it was "clearly a message to pound sand." It seems like he just answered a loaded question.