Chicago On Verge Of Credit Downgrade As Mayor Lightfoot Suggests Novel Idea Of Raising Taxes


Both the Governor of Illinois and the mayor of Chicago want to raise taxes, again.

(From Zerohedge)

The city of Chicago appears to be on the precipice of a credit downgrade, according to its Chief Financial Officer Jennie Huang Bennett. She said on Tuesday that she’s “not sure” the city could make it through budget season without facing an inevitable downtick in its rating, according to Bloomberg.

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