Head tax and budget revenue

“I’m gonna get to my question. Okay, so you talked about the corporate head tax reduction, and if you— if that is removed from the budget, then those programs that have been delineated for that would be essentially eliminated unless another revenue source or if cuts are identified.”

“We’ve got to find all the revenue needed before we even start talking about new revenue for— from taxpayers and from businesses.”

“I mean, the list just goes on and on. We have a lot of positions that are vacant that could be possibly bringing revenue into the City of Chicago, and I think those positions should be of the highest priority knowing that we have a budget deficit.”

“Because I’d love to see what the impact of all of these abatements are, uh, when it comes towards the revenue not being collected because of these abatements.”

“I know there’s a lot of stuff like we’re forecasting that deficit mainly because of the absence of the pension payment.”

“I mean, I cannot believe that now, after some city council members proposed this budget, that we have the audacity to be blaming the administration for the utterly failure of balancing the budget. $130 million of the budget short of the projected revenue.”

“The 24 or so who voted no on this budget said we’ve got a structural deficit coming our way next year because we wouldn’t make big changes.”

“It’s been 2 years plus now. We’ve not expanded it, and that is a revenue driver because the amount of people who are blocking bike lanes and buses would actively be paying for it.”

“It does seem though that it is an unfortunate trend that more people are gambling and doing sports betting. So it would be awesome to just get the data on around what those numbers look like, because I can see this being as much of a public health issue as it is just a revenue generator.”

“You know, we’re always thinking about new revenue sources. If you have an electric vehicle, uh, you don’t pay taxes for when you go to the charging stations.”

“The 3 things that I think have been highlighted, I just want to put on the public record that I have concerns with are debt and fines, um, the lack of structural revenue sources, and then the unstable revenue projections from the alternative budget.”

“I’m curious what the— and again, we’re going to the enterprise fund. I’m curious when the enterprise— when the water and sewer enterprises funds so far exceed the expenditures of the corresponding departments, why are we collecting so much more in revenue than it takes to operate those departments?”

“As a board, however, we can do more. We must do more. We can pass a budget that spotlights the chronic underfunding by the state. This revenue projection is backed by recent comments of legislative leaders, including by State Senator, Senator Martwick, here today, and by state law that says it will fully fund EBF by 2027.”

“For me, um, I’ll say, as someone who’s been in this body for more than a handful of years now, but also spent, uh, quite a few years before that working with local governments everywhere, I just want to highlight the real issue, and the real issue with our budget is things cost more. We don’t have enough revenue.”

“At what point would we want to see some indication of a reduction in violations across corridors, especially in the areas that are currently a part of the pilot, because I think we have consistently pitched this as not something to help chip away at the city’s budget gap, but something to, at the end of the day, change habits.”

“We’ve just seen an increasing number of state legislators committing to a fight on behalf of getting some of the additional state revenue that everybody recognizes we deserve and are entitled to.”

“Is this the appropriate time to speak on the resolution? Thank you. Um, I’ve been working on this resolution for several months now, but there’s not a possibly more timely moment as we’re seeing drastic cuts being proposed to school-level budgets given our deficit for this year.”

“This amendment completely fabricates revenue that’s not even based on any real good faith estimates, let alone actual revenues, and it’s really just pure hallucination.”

“It’s in the budget. We need to start to get some revenue from it as soon as possible, or we’re going to have more budget problems than we already have.”

“I also, I know we were talking about advertising revenue, and I guess I’m confused with why we would even be contemplating an RFI or why we aren’t moving on an RFP with advertising.”

“We can tax wealthy corporations to improve our lives and have some reliable progressive revenue that is so deeply needed, or we can decide that working people are going to pay.”

“I don’t know if there’s some confusion, but I want to get it on the record that we’re only asking for one— $16 billion is being asked. We have went along with everything in this budget except a head tax.”

“We have no grocery tax. We have no property tax, and we have no head tax.”

“I do want to say this, that one of the most frustrating things that I’ve dealt with in my career is how comfortable people are working in silos. And so I’m saying this publicly. That if Chicago Public Schools, labor partners, the City of Chicago, community-based organizations do not unite around demands for progressive revenue, it’s dereliction of duty.”

“The revenue source that you’re discussing does not exist in the ordinance that we are discussing today.”

“We didn’t do it just in the city, we did it throughout the country. We told people, wait your turn. And as I said, we rolled snake eyes, right? We lost that gamble. And now we’re sitting here staring down the barrel of a $1.2 billion deficit.”

“The families I represent in Garfield Ridge, Clearing, and across the Southwest Side are already at a breaking point. Over the past 2 years, homeowners in our communities have experienced historic increases in property taxes, utilities, food, insurance, and housing costs, all while wages have not kept pace.”

“Good evening, finance team. I’d like to start out talking about the head tax. In the original proposal, It was $100 million could be generated for companies of 100 or more employees.”

“I’m very thankful that You know, I was able to buy something in my neighborhood, as you know, we all face pressure with gentrification in my area. My property taxes only went up $600 this year, um, and which is only a 7% increase.”

“3 quick questions. One, and this was sort of answered, but I just want to get a really fine point on it. So why exactly is it that you think we can rely on future TIF money and revenue, and we cannot rely on future revenue from the state?”