View this post on Instagram 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.A post shared by Fox Business (@foxbusiness) on Jun 12, 2020 at 4:00am PDT
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.
A post shared by Fox Business (@foxbusiness) on Jun 12, 2020 at 4:00am PDT
View this post on Instagram Seattle City Council members are considering legislation that would tax the city's most profitable companies, like Amazon, to collect funds for 100,000 working-class households affected by the coronavirus pandemic. Councilmembers Kshama Sawant and Tammy Morales introduced the bill in April before it was shelved for more than a month because of procedural complications during the COVID-19 lockdowns, but it has since resurfaced as city officials consider changes to its Police Department funding, according to the Seattle Times. The Seattle Police Department received about $360 million in funding in 2019 and $306 million in 2020, the majority of which is spent on personnel, but residents and activists are calling on city leadership to cut that funding by at least 50 percent and redirect those funds elsewhere in the wake of George Floyd's death, the Times reported.A post shared by Fox Business (@foxbusiness) on Jun 12, 2020 at 5:30pm PDT
Seattle City Council members are considering legislation that would tax the city's most profitable companies, like Amazon, to collect funds for 100,000 working-class households affected by the coronavirus pandemic. Councilmembers Kshama Sawant and Tammy Morales introduced the bill in April before it was shelved for more than a month because of procedural complications during the COVID-19 lockdowns, but it has since resurfaced as city officials consider changes to its Police Department funding, according to the Seattle Times. The Seattle Police Department received about $360 million in funding in 2019 and $306 million in 2020, the majority of which is spent on personnel, but residents and activists are calling on city leadership to cut that funding by at least 50 percent and redirect those funds elsewhere in the wake of George Floyd's death, the Times reported.
A post shared by Fox Business (@foxbusiness) on Jun 12, 2020 at 5:30pm PDT
