TOGETHER.

WE CAN MAKE A DIFFERENCE TOGETHER.

WE CAN DRIVE CHANGE.

>> CITY COUNCIL MEMBERS VOTED 42 TO 7 TODAY TO CRACK DOWN ON DOLLAR STORES ACROSS CHICAGO.

SUPPORTERS OF THE MEASURE SAY THE INCREASING NUMBER OF STORES HAS CREATED A NUISANCE IN MANY SOUTH AND WEST SIDE NEIGHBORHOODS.

THE LOPSIDED VOTE CAME AFTER AN IMPASSIONED PLEA FROM ALDERMAN MATT O'SHEA.

>> DRIVE PAST ANY ONE OF THOSE 149 STORES TODAY?

AND YOU'LL LIKELY SEE OVERFLOWING DUMPSTERS.

BROKEN FENCES, BROKEN EXTERIOR LIGHTS, BUILDINGS IN DISREPAIR, SHOPPING CARTS.

OVERTURNED ON THE SIDEWALK OR IN THE PARKING LOT.

YEAH, IT'S FUNNY WHEN I DRIVE JUST 5 OR 10 MINUTES OUTSIDE MY COMMUNITY IN A PREDOMINANTLY WHITE SUBURB.

I DON'T SEE THAT.

>> WTW NEWS REPORTER HEATHER SHARON JOINS US NOW WITH MORE HEADER.

TELL US WHAT THE NEW RULES WILL MEAN FOR DOLLAR STORES.

WELL, IT ESSENTIALLY MEANS THAT NEW DOLLAR STORES CANNOT OPEN WITHIN A MILE OF ANOTHER DOLLAR STORE OPERATED BY THE SAME FIRM.

AND THERE'S ALSO A REQUIREMENT FOR EVERY STORE IN CHICAGO TO POST A PLACARD SAYING, HEY, IF YOU'VE GOT A COMPLAINT ABOUT THE STORE, HERE'S WHO YOU SHOULD CALL.

AND THAT IS A REFLECTION OF WHAT WE JUST HEARD FROM ALDERMAN O'SHEA, WHO HAS BEEN DEEPLY FRUSTRATED FOR YEARS THAT HE CAN'T GET ANYONE TO ADDRESS THESE VERY SERIOUS CONCERNS ABOUT THE STORES.

>> AND HE WAS INFURIATED TODAY THAT PROBLEM DOES NOT SEEM TO AFFECT DOLLAR STORES ON THE NORTH SIDE OR SO THIS BUT WAS DELAYED FOR ABOUT A MONTH BECAUSE OF INTENSE OPPOSITION FROM BUSINESS GROUPS AND DOLLAR TREE, WHICH OPERATES MOST OF THE 150 STORES IN CHICAGO.

>> WHY DID THEY FIND WELL, THESE STORIES ARE INCREDIBLY LUCRATIVE FOR THIS FIRM AND IT FILLS A NICHE IN MANY SOUTH AND WEST SIDE NEIGHBORHOODS WHERE WE'VE SEEN BIG BOX STORES LIKE TARGET AND WALMART CLOSE AND BE REPLACED BY THESE NOW SO-CALLED SMALL BOX STORES THAT SELL MANY OF THE SAME GOODS BUT PERHAPS LOWER QUALITY AND NOT ANYWHERE NEAR AS MUCH FRESH FOOD OR VEGETABLES.

AND THAT ALDERMAN O'SHEA SAID AGAIN TODAY HELPS CONTRIBUTE TO CHICAGO'S PROBLEM WITH FOOD DESERTS.

SO HE'S HOPING.

>> HE CAN KILL MULTIPLE BIRDS WITH THIS ONE STONE AND CERTAINLY AS THE NAME INDICATES A LOWER COST ALSO TODAY A BRANDON JOHNSON INTRODUCED A PROPOSAL TO BORROW 1.2 5 BILLION DOLLARS BILLION WITH A B OVER THE NEXT 5 YEARS.

>> WHAT'S THE PLAN FOR THAT?

MONEY OF CITY COUNCIL AGREES?

WELL, MAYOR BRANDON JOHNSON WANTS TO USE THIS MONEY TO REALLY TRANSFORM THE WAY THE CITY ADDRESSES ISSUES OF ECONOMIC DEVELOPMENT AND AFFORDABLE HOUSING.

RIGHT NOW THE CITY USES WHAT'S CALLED TAX INCREMENT FINANCING DISTRICTS TO FUND MANY PROJECTS DESIGNED TO ERADICATE BLIGHT AND ENCOURAGE ECONOMIC DEVELOPMENT.

HE SAID TODAY THAT THAT EFFORT HAS JUST NOT BEEN AFFECTED AND THIS WILL GIVE THE CITY A POOL OF MONEY TO ADDRESS THOSE NEEDS.

>> WITHOUT RESULTING IN A PROPERTY TAX INCREASE ITS A REMINDER.

ALSO WHY TIPS TAX INCREMENT FINANCING DISTRICTS ARE SO CONTROVERSIAL.

WELL, ESSENTIALLY, IT MEANS THAT THE WEALTHY ARE SOME PARTS OF THE CITY GETS GET WEALTHIER.

SO IF YOU'RE DOWNTOWN, YOU WILL SEE PROPERTY TAX SORT OF GROWTH IN THE WAY TIPS WORK IS THAT THEY TAKE THAT GROWTH AND THEN CAN CLOUD INTO NEW AMENITIES.

NEW ROADWORK, NEW SCHOOLS, SCHOOL ADDITIONS AND IMPROVED PARKS.

BUT IF YOU'RE IN A PART OF THE CITY LIKE ON THE SOUTH AND THE WEST SIDE WHERE PROPERTY TAXES BEEN STAGNANT FOR DECADES BECAUSE OF DISINVESTMENT IN THE COLLECT.

YOU DON'T HAVE THOSE RESORTS.

THIS IS DESIGNED TO ADDRESS THOSE INEQUITIES, BUT I THINK IT'S PAST FORWARD IN THE CITY COUNCIL.

IT'S A LITTLE BIT UNCERTAIN AT THIS TIME.

IS A HUGE CHANGE FOR HOW THE CITY OPERATES, RIGHT?

HAD A SHARON, AS ALWAYS.

THANKS SO MUCH.