Lake Shore Drive is in front of the skyscrapers |
Chicago's inspector general has several ideas to raise revenue. A one percent city income tax would do the most to facilitate the depopulation of the nation's third-largest city. Chicago's population hasn't been so low since 1920. A couple of other odious ideas are a congestion fee to drive downtown, which will infuriate retailers and theater operators. Toll booths for Lake Shore Drive are also being mulled.
Chicagoans already suffer by enduring one of the nation's highest sales tax rates.
Detroit has a municipal income tax. How is Detroit doing?
For Chicago's new mayor Rahm Emanuel, I suggest pension reform and a dramatic renegotiation of union contracts as starting points in getting the city's financial house in order.
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