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Property Tax Hike

City Hall

Aldermen Back Mayor’s Plan To Hike Phone Tax To Fund Pensions

Mayor Rahm Emanuel said he has lined up enough City Council support to increase the monthly surcharge added to phone bills in Chicago, as part of the effort to address the city’s pension crisis.

06/26/2014

City Hall

Quinn Signs Legislation For Chicago Pension Overhaul

It’s deadline day for Gov. Pat Quinn. He has until midnight to decide how to act on legislation to overhaul some of Chicago’s underfunded employee pension systems.

06/09/2014

Gov. Pat Quinn declared a statewide disaster area on Monday, due to the extreme cold, and heavy snow still clogging many roadways. (Credit: CBS)

Quinn Still Won’t Spell Out His Plans For City Pension Reform Legislation

A plan to overhaul some of Chicago’s underfunded employee pension systems could spell a long weekend for Gov. Pat Quinn, who has until Monday to decide what to do with the legislation on his desk.

06/06/2014

Mayor Rahm Emanuel. (Credit: Craig Dellimore/WBBM Newsradio)

Mayor Urges Governor To Sign Chicago Pension Reform Plan

Mayor Rahm Emanuel essentially told Gov. Pat Quinn on Thursday, “I scratched your back, now you scratch mine,” when it comes to pension reform, amid signs the governor might veto or significantly alter legislation to reform two city pension funds.

05/15/2014

City Hall

Quinn, Emanuel Still At Odds Over Pension Reform

Gov. Pat Quinn’s offer to give cities a bigger cut of income tax revenues to help with pension debts without raising property taxes met with a lukewarm reception from the Emanuel administration.

04/29/2014

Illinois House Of Representatives

House, Senate Approve Chicago Pension Reform Plan

The legislation sponsored by House Speaker Michael Madigan overcame earlier resistance after the Chicago Democrat removed language mentioning the tax increase. Opponents feared they’d be blamed for a Chicago tax increase.

04/08/2014

City Hall

Lawmakers Fear Blame For Chicago Pension Tax Hike

A fast-tracked plan to overhaul two Chicago city-pension programs slowed in the Illinois House Thursday, as nervous lawmakers said they fear backlash for a massive property-tax increase even if they don’t directly approve it.

04/04/2014

Ald. Ed Burke (14th)

Emanuel Pension Plan Clears First Hurdle In Springfield

Mayor Rahm Emanuel’s plan to reform two underfunded employee pension systems quickly took its first step toward approval in the Illinois General Assembly on Wednesday.

04/02/2014

City Hall

Mayor To Seek $250 Million Property Tax Hike To Address Pension Debt

Mayor Rahm Emanuel has proposed raising property taxes by $250 million over five years as part of a pension reform plan that also would require city workers to pay more toward their pensions.

04/01/2014

Voters cast their ballots in suburban Chicago. (credit: Frank Polich/Getty Images)

Kane County Voters Reject Tax Hike To Fund Disabled Programs

The referendum would have provided $13 million in funding for programs to help disabled residents who have been impacted by state budget cuts.

03/19/2014

Chicago Public Schools

School Budget Would Raise Property Taxes, Empty Reserve Fund

Chicago Public School officials have unveiled their budget plan for next school year, seeking to fill a $665 million deficit with a property tax hike, personnel cuts and some one-time revenue.

CBS Chicago–07/06/2012

Chicago Public Schools

CPS To Impose Maximum Allowable Property Tax Hike

The Chicago Public School System has not yet released its budget for the coming school year, but property taxpayers are already going to pay more.

CBS Chicago–06/28/2012

File Photo (Ian Waldie/ Getty Images)

District 31 Students Push For Property Tax Hike

Several hundred students, their parents and staff from the two schools in West Northfield District 31 marched and rallied Tuesday, urging voters to approve a tax increase.

CBS Chicago–02/14/2012

File Photo (Ian Waldie/ Getty Images)

North Shore School District Seeking Tax Hike To Avoid Severe Cuts

A small public school district nestled among two wealthy Chicago suburbs is in serious financial trouble. West Northfield Elementary School District 31 is surrounded by Northbrook and Glenview on the North Shore. It has only two schools and severe cuts are looming if they don’t get more money.

CBS 2–01/25/2012

Members of the Chiacgo Board of Education met on Aug. 24, 2011, to vote on the budget for the 2011-2012 school year. (Credit: CBS)

Chicago School Board OKs Property Tax Hike

The Chicago Board of Education has approved a plan to raise property taxes in Chicago to help eliminate a $712 million budget hole.

CBS Chicago–08/24/2011