A Chicago alderman wants to cap ride-share prices during peak demand. But price controls could leave more riders stranded if extra drivers are no longer attracted by extra cash.
Faced with the impossible task of balancing Chicago’s budget without pension reform, Mayor Lori Lightfoot is forced to partially rely on phantom cuts and revenues.
The mayor proposed tripling ride-sharing taxes and fees on solo passengers downtown, on top of other increases, as the city confronts a nearly $1 billion budget deficit and a costly contract dispute with the nation’s third-largest teachers’ union.
Gov. J.B. Pritzker’s office is using a major capital bill as a vehicle to grease lawmakers for a progressive income tax amendment. But the tax hikes to pay for it would make Illinoisans’ gas tax burden the second highest in the nation.
It’s no secret Chicago aldermen aren’t friendly to outsider businesses and innovative industries. Here’s a look at some of the most egregious examples from 2016.
A new ordinance would ban all cars with autonomous technology from Chicago, preventing Uber from expanding the fleet of self-driving vehicles it recently introduced in Pittsburgh.
The city will require rideshare drivers to complete an online course before hitting the road, and will allow ridesharing platforms such as Uber and Lyft to continue conducting their own background checks.