NEW: Chicago Teachers Union President Stacy Davis Gates says the union’s contract demands from Chicago Mayor Brandon Johnson will cost the city more than $50 billion. ⬇️
— Austin Berg (@Austin__Berg) March 5, 2024
“$50 billion dollars and three cents…”
“And so what?”
“That’s audacity.”
For context, total base tax… pic.twitter.com/EZesxJV2Xw
...For context, total base tax receipts for the *state of Illinois* last year were $50.7 billion. That includes:
All personal income tax ($23.7B)
All corporate income tax ($5.8B) All sales tax ($10.4B)
All other state sources ($3.6B)
Transfers in (lottery, gaming, cannabis, etc.) ($3.2B)
Federal sources (base) ($3.8B)
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