Community activists say they have an alternative plan for making Chicago fiscally solvent -- and it doesn't rely on cuts that disproportionately affect low- and middle-income people.
A new report, "Our Kind of Town: A Financial Plan that Puts Chicago's Communities First," targets "predatory financial deals" that cost the city millions of dollars. The paper, crafted by the Refund America Project at the Roosevelt Institute, also suggests a series of progressive taxes could put millions back into the city's coffers.
"What we have is a priorities crisis," said Amisha Patel, executive director of the Grassroots Collaborative at press conference outside the offices of Loop Capital Management. "For decades, budgets in Chicago have been balanced on the backs of working families. In fact, there are a clear set of policy solutions to raise a progressive revenue that our neighborhoods need."