Abandoned South Side home |
Laundromat owners oppose the tax hike, they say their increased costs may force some laundromats to close, and of course its poor people, not the rich, who use these establishments.
Even supporters of the tax hike admit that more revenue will be needed to bail out the pension fund.
And if middle class residents continue their exodus from Chicago there will be fewer water bills paid.
The spend-then-tax model is transforming Chicago into the next Detroit.
Last year Chicago stuck it to its residents by enacting the largest property tax hike in its history in an attempt to save the police and firefighter pension funds.
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