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. ⬇️

“$50 billion dollars and three cents…”

“And so what?”

“That’s audacity.”

For context, total base tax… pic.twitter.com/EZesxJV2Xw

— Austin Berg (@Austin__Berg) March 5, 2024

...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)