The Doomsday Chronicles: during the Obama administration, some sectors of the US economy looked so bad, "the Doomsday chronicles"
were needed to keep track of everything. We haven't seen many stories
along this line, but I think it's just a matter of time. If so, along
with the link above, this is where these stories will be tracked:
As noted, I wrote that yesterday. I never imagined there would be a "Chicago" story one day later but here it is (google for story):
Chicago Mayor Lori Lightfoot said she couldn't keep raising property taxes "off the table" as the city faces a budget shortfall and Chicago businesses struggle to recover from both looting and the coronavirus shutdown.
"I can't take it off the table, but it is truly the last thing I want to do," Lightfoot said at a press conference this week.
Laying off city employees could be on the table too as the city faces an estimated budget shortfall of $700 million.
"Every
city in the country is dealing with a loss of revenue," Chicago Deputy
Mayor of Economic Development Samir Mayekar told FOX Business. "Cities,
unlike the federal government, we have to balance our books. [Mayor
Lightfoot] has two principles in mind … making sure that the most
vulnerable populations of the city aren’t impacted. … She's focused on
making sure we’re not driving business out of the city."
The first thing city mayors might want to consider if they don't want to drive businesses out of their towns is to ensure that police are given clear support to shut down rioting and looting -- perhaps before it starts -- for whatever reason.
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