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For reference, at the Federal level, tax receipts fell from $2.524 trillion in 2008 to $2.105 trillion in 2009, a 17% drop. |
The problem with these graduated transfer taxes is that they continue to discourage people from owning expensive homes. We already have a lukewarm housing market here. Do we really need to depress it further?
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TIF spending is approved by the city council. It's just a different sources of tax dollars. Again, I could care less if we eliminated TIF, but it's silly to have the public think it's going to solve our fiscal disaster unless we cut spending and redirect TIF money to pensions.
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Aaron (Glowrock) |
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A lot of luxury homes are seeing their prices slashed and lingering on the market. While there are a multitude of reasons for this, increasing the tax on a real estate transfer just doesn't help one bit. |
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I just see no reason the buy a $1 MM + home in this region, even if affordability is not an option. That view grows stronger as the Socialists now push for a higher real estate transfer tax. I own $ 1 MM rental property but I’m not too concerned—I don’t plan to sell. |
any final predictions for tonight?
i'll say, lightfoot, 59-41. |
I'm hearing turnout is low both today and early vote. That bodes well for the machine and Taxwinkle.
56 to 44 Lightfoot win. |
I'm hoping Lightfoot breaks 60% to really send a message that Preckwinkle and the CTU are not wanted here. Though I wouldn't be surprised to see the numbers go higher than that. I've been phonebanking for Lightfoot and I maybe encountered two people who said they were voting Preckwinkle total in like hundreds of calls to registered voters. I encountered multiple people who were enthusiastically like "We need to stop Preckwinkle, don't worry I'm voting lightfoot and getting everyone I know to as well". I've also encountered a TON of people who think Toni's campaign has been disgusting particularly with the whole "blame fires on Lori" ad.
That's really actually puzzling, she pulls all TV ads and then like a week before the election decides to run one last TV which is a disgusting hit piece on Lori trying to blame a fatal fire on her without even consulting the family of the victims first. Then the next day I see one of the victims siblings on TV crying and saying "shame on you Toni, we had put this behind us and now it's on TV for the whole city to see". Talk about questionable judgement, that's the kind of thing that makes this an 80-20 landslide instead of a 60-40 shellacking. |
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preckwinkle is no more "machine" than lightfoot. (or are we forgetting that lightfoot got appointed to her posts by 2 former mayors?)
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^ preckwinkle is freaking chair of the cook county democratic party and president of the cook county board.
i don't think there's any plausible way to argue that lightfoot is just as "machiney" as preckwinkle. |
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that said, if we're talking labor unions, Lightfoot has support from 10 of them. the differences between a hypothetical Lori vs Toni mayorship arent as stark as people are making them out to be which is probably why enthusiasm has died down after the primary. theyre pretty similar on most issues. |
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