Chicago’s next Mayor confronts economic stagnation, unemployment, and budget and pension shortfalls. The lack of good jobs, the root of neighborhood economic and social dislocation, cannot be addressed through more or better policing, education, or additional human services, needed as they are. Overcoming 26 years of neoliberal policy under the Richard M. Daley and Rahm Emmanuel administrations requires a program to create jobs and shore up pensions, as well as the City’s budget. This effort will require new taxes and other funding measures.
A new CPEG report, Restoring Chicago’s Fiscal and Economic Health, offers a range of options for raising revenue, essential to reversing years of increasing inequality, poverty and middle class decline in Chicago and across the Midwest.