"I have never in my entire career seen a budget deficit the size of what we are talking about next year. This is Armageddon type of stuff, it's beyond doomsday," Chicago Transit Authority president Dorval Carter Jr. told the Regional Transportation Authority of Illinois board at its monthly meeting Thursday. "It's unsustainable, which is why we need" additional federal dollars.Mayor Lightfoot raised property taxes and sold future tax revenues. The Illinois is borrowing from the Fed relief fund, which is an effective tax on the muni bond industry.
California has a big hole to plug having already spent the tax money they planned to raised, but failed. Mayor Garcetti is trying to get out of dodge and get a Swamp job. daBlowsio has no real budget, NYC is on welfare for a long time.
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