![]() It has been estimated that Illinois could earn $10 to $12 billion per year from an FTT which could go a long way in helping with the public school and pension funding crises, according to the Fair Economy Illinois website. Each year the value of products traded on these two exchanges totals well over $900 trillion. Illinois has two of the largest financial markets in the world, the Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE). “LaSalle Street” has come to mean the financial/trading district, the “Wall Street’ of the Midwest. It is essentially a sales tax, such as when we buy/sell shoes or computers. Lastly, I would earmark marijuana sales tax revenue for public schools, law enforcement and drug treatment programs.Ī “LaSalle Street Tax” or financial transactions tax (FTT) is a very small tax on the trading (buying/selling) of financial assets such as stocks, bonds, currencies and derivatives (futures and options) based on these assets. Also, I support measures to include entrepreneurs from minority communities in the planning and licensing of new marijuana dispensaries to increase jobs in for those communities most neglected. I would support the legalization of marijuana for recreational purposes after conducting a study of the positive and negative effects that have occurred in the states where legalization has been enacted. Legalized and taxed recreational marijuana.I would, however, ensure that proper programs for gambling addiction would be available. In addition, it would be a good attraction for convention business. Many Chicagoans already go to casinos in other states, even all the way to Las Vegas. I favor this source of revenue because casinos have proven to be a great source of revenue. To increase revenue for the City, I favor building a casino in Chicago or a neighboring suburb with an intergovernmental agreement to share revenue.
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