This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. All statements regarding the completion of the Transaction with Fancamp, including the transfer of properties to South Timmins Mining Inc. ("Goldco"), the cash payment by Fancamp to Goldco, the entering into the Shareholders' Agreement, the completion of the FT Offering and the Non FT Offering, and future expectations regarding the a...
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But their promises ignored a key reality:
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But their promises ignored a key reality: While the city has made some strides in recent years, its finances remain precarious, and it’s unlikely that the next mayor can govern without raising a single tax or fee. “We always like to hear people say that we don’t want any taxes,” Ald. Roderick Sawyer, 6th, told voters at a candidates forum last month, noting the city had to meet its obligations and maintain solid ratings to keep its borrowing costs low. “What we want are responsible and predictable taxes.” Sawyer and the other City Council member running for mayor, Sophia King, 4th, voted yes on Lightfoot’s first three budgets; King voted no on the mayor’s 2023 spending plan. Few campaigns have released formal financial plans. García, who ran for mayor against Emanuel in 2015, has said he would “exercise leadership” to get the city’s economy “firing on all cylinders again,” noting he had helped secure federal COVID-19 relief funding in Congress. For García, city finances are...