U.S. Rep. Jesus “Chuy” Garcia is running for mayor of Chicago for the second time.
Ashlee Rezin/Sun-Times
Mayoral challenger Jesus “Chuy” Garcia on Monday proposed $10 million worth of “emergency property tax relief” to ease what he called the “cost of living and cost of housing crisis” squeezing middle- and working-class homeowners and small business owners.
With one-time grants ranging from $250 to $500 to owners of homes and rental properties and a “Business Assessment Protection” program for owners of “Mom and Pop” storefronts and residential buildings, Garcia hopes to buy time to confront the “larger problem” putting inordinate pressure on local property taxes in Chicago: inadequate state funding for Chicago Public Schools.
Ald. Mike Rodriguez (22nd), who occupies the City Council seat once filled by Garcia, already has introduced a property tax relief ordinance bankrolled by $10 million in federal stimulus funds to help the Little Village and North Lawndale residents he represents absorb some of the largest property tax increases in Chicago — in some cases, more than 22%.
On Monday, Garcia held a news conference in Pilsen, where some residents and business owners have endured increases twice that size. Garcia embraced that $10 million plan and proposed other ways to help more than 21,500 homeowners and small business owners from losing their properties and being pushed out of their neighborhoods.
On his list:
• A one-time “Neighborhood Preservation grant” of $250 for middle- and working-class homeowners living in buildings with six-units or less. To qualify, property tax bills would have to be “at least $1,000.” The income threshold would be $43,800 for individuals and $66,700 for families.
• A one-time, $500 grant to help owners of residential properties with six-units or less, whether they occupy those properties themselves or rent them out to tenants. The income threshold would be $58,350 for individuals and $83,400 for families. The program would be open only to those whose property tax bills rise by “at least $2,000 and double the city average.”
• A $1,500 “Business Assessment Protection Program” grant for owners of small business properties valued at under $600,000.
Garcia acknowledged a permanent solution to the crushing load borne by Chicago homeowners and businesses will require convincing state lawmakers to shift the burden of employee pensions and public schools away from property taxes and toward a new source of funding he did not identify.
But that will “take time” and probably won’t happen “until possibly next year.”
“People are hurting now,” he said. “All over Pilsen, people have called my office and called social service providers. They’ve called churches. They’ve called other elected officials. They need help now.”
Even in Chicago neighborhoods where property taxes did not skyrocket, there are “high delinquency rates” that pose a significant threat, Garcia said.
“If people don’t make their payments, they could lose those properties. And those properties can be bought up by investors for whatever they pay down. That’s a real threat to the existence of those neighborhoods. We’re responding to that need,” he said.
“The more complex financial obligations that the city has — we’ll continue to address them. But today, we are showing that you can begin to provide some relief and begin putting the onus and the pressure on the state legislature to begin enacting policies that move us away from our over-reliance on regressive property taxes.”
During the 2015 mayoral campaign, Garcia’s failure to articulate a plan to solve Chicago’s looming pension crisis may well have cost him the runoff election. Then-Mayor Rahm Emanuel aired a devastating commercial warning voters not to roll the dice on someone who could not understand the perilous state of city finances.
Garcia has argued he has “grown significantly” since then and has a far better understanding of budget and finance after deliberately choosing congressional committees focused on business and finance.
Asked Monday whether he has an “actual plan” to pay down Chicago’s $33 billion in pension debt without relying on property tax increases, Garcia talked about the avalanche of federal stimulus funds that bankrolled Lightfoot’s $242 million pension prepayment plan.
“That was federal money. Just like we’ve kept the city afloat and the transit agencies afloat and provided other critical supports. That’s the type of resources that I will work for to make sure that we get on a better footing as it relates to those obligations,” he said.
Garcia’s economic development plan also calls for creating a “Chicago Council of Corporate and Community Leaders” to advise the city on ways to revitalize downtown Chicago.
The panel he envisions would focus specifically on ways to improve public safety; expand CTA service to River North, Fulton Market and the West Loop; and work with colleges and universities to provide even more student housing downtown.
Also Monday, Garcia said he knew the blitzkrieg of negative ads against him would “take some type of toll” on his polling numbers. But he nevertheless believes he made the right call by waiting saving his money to hit the airwaves only when he knew he had enough money to stay on the air through the Feb. 28 election.
from Chicago Sun-Times - All https://ift.tt/otPL7YB
No comments:
Post a Comment