Thursday, January 15, 2026

MUNICIPAL FINANCE CHALLENGES

AND POTENTIAL SOLUTIONS


“When states preempt what cities can do, it denies the fact that cities are individual and not uniform.

Cities need to be nimble and not be restricted from creating the kind of revenues they need to continue delivering services,” said Michael Pagano, dean emeritus, University of Illinois at Chicago College of Urban Planning and Public Affairs and former Brookings Metro non-resident fellow.

There is no such thing as a magic bullet that works in every city.

Having worked in the core of Chicago for two decades, Pagano also noted that commercial occupancy hovers around 70 percent downtown.

That has a huge negative impact on transit ridership and funding.

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