The governor's comments follow months of speculation over how Chicago Mayor Brandon Johnson plans to raise revenue to tackle the city’s embattled finances.
Governor J.B. Pritzker said he would veto any legislation to impose a financial transaction tax that could harm Chicago’s storied exchanges and cause them to leave the state. “Let me be clear, there is no financial transactions tax on the table, period,” the Democratic governor said in an interview with Bloomberg News. “There will not be support. I would veto it.
Chicagoans would have to vote to approve such a measure. At a press conference last week, the mayor dodged Bloomberg questions about what taxes proposed during his campaign are still on the table, limiting his comments to what has been presented in the budget. “What I presented on Wednesday is what’s actually on the table,” he said. “There’s nothing new that I’m hiding. That’s what’s on the table.” Still, he is setting up a subcommittee in City Council to find new sources of revenue.
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