Democrat-Run Chicago Broke as Mayor Mulls Tax Hikes & Layoffs to Plug $1.2 Billion Budget Gap

from Zero Hedge

In a sign of where the entire country could soon find itself, the Democrat-run city of Chicago isn’t just facing soaring violent crime, but is staring down a whopping $1.2 billion budget deficit, the Chicago Tribune reports.

Naturally the response to what some are already excusing as the city’s “coronavirus-fueled budget deficit” is for Mayor Lori Lightfoot to immediately talk massive tax hikes to plug the hole.

“Chicago Mayor Lori Lightfoot is considering a $94 million property tax increase, layoffs for more than 300 city workers and a gas tax hike as part of her plan to close a $1.2 billion budget deficit, sources told the Tribune,” the report says.

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