Chicago’s cable television customers will see a modest increase in their monthly bills, thanks to a modified amusement tax exemption tied to Mayor Rahm Emanuel’s 2014 budget.
Cook County commissioners have approved a measure that will give them the final say in whether major entertainment events like Lollapalooza will get an exemption from the county’s amusement tax.
Chicago city leaders say with a budget deficit over $700 million, the city may no longer be able to afford to give out big tax breaks to one popular entertainment attraction.
A popular online ticket marketplace is under fire from the City of Chicago, which says it should be collecting amusement tax.
A plan to use taxpayer money to help renovate Wrigley Field may be in need of 9th inning heroics.
Ald. Tom Tunney (44th) today demanded a “rigorous cost-benefit analysis” before signing on to the Cubs’ plan to use 35 years’ worth of amusement tax growth to finance a renovation of historic Wrigley Field.