Annual Tax Hikes, Layoffs Threaten Chicago's Future

Annual Tax Hikes, Layoffs Threaten Chicago's Future

Two seemingly unrelated events dominated Chicago news at midyear 2013 and underscored the deteriorated condition of local government and the economy. The first bombshell fell In early spring, when the Chicago Board of Education announced that it was closing 50 underutilized schools and furloughing 1,742 teachers and 1,387 other staff members.

The second shoe to drop – real estate tax bills – arrived in the mail at the end of June. Always a source of

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