“For half a century, Chicago has proclaimed itself ‘the city that works.’ This year, Mayor Richard Daley might consider an addendum: ‘excluding furloughs and the day after holidays.’ Chicago is grappling with a sinking tourism-and-convention sector, plummeting revenue from real-estate transfers and a deflated financial-services industry. After patching a $469 million budget shortfall for 2009 late last year, the city is now scrambling to fill a projected further deficit of $250 million to $300 million.” (Wall Street Journal ^[1], Wednesday)

How about calling it “the city that taxes”? Chicagoans pay the highest sales tax rate in the nation.

FEE Timely Classic
“Raising Taxes Stifles Initiative Invisibly ^[2]” by Richard W. Stevens