Chicago School Board Approves $5.4B CPS BudgetThe Chicago Board of Education voted unanimously today to approve a controversial $5.4 billion budget for the Chicago Public Schools, including a property tax hike to fund teacher pensions.
Activists, Aldermen Want Property Tax Rebate For RentersSome aldermen and activists on Monday called on Mayor Rahm Emanuel to include rental properties in plans for a property tax rebate that would offer some relief from the massive tax hike approved last year.
Alderman, Activists: Property Tax Hike Will Hurt Chicago RentersA freshman alderman has joined community groups in predicting Mayor Rahm Emanuel’s proposed property tax increase would create a crisis in affordable rental housing.
Emanuel Property Tax Hike Clears Another Hurdle, But With Plenty Of DissentMayor Rahm Emanuel's proposal for the City's largest ever Property Tax increase won key committee approval Tuesday afternoon, but the vote was far from unanimous.
Commercial Business Group Sounds Off On Emanuel Property Tax PlanAs members of an Illinois House committee prepared to hold a hearing on Mayor Rahm Emanuel’s request to expand property tax exemptions to ease the burden of his proposed property tax hike, Chicago landlords were criticizing the mayor’s plan.
Civic Federation Backs Emanuel Property Tax Hike, But Has ConcernsA respected financial watchdog group has thrown its support behind Mayor Rahm Emanuel’s budget plan, but it comes with a warning.
Emanuel To Seek $500M Property Tax HikeMayor Rahm Emanuel will seek a massive property tax hike later this month, as he seeks to shore up police and firefighter pension funds, and close a $750 million budget hole.
Antioch Vote On Reopening Fire Station Still UndecidedVoters in the village of Antioch approved a property tax hike for more ambulance service by more than 300 votes, but in unincorporated Antioch Township, the tax increase was ahead by only 8 votes, with more votes to be counted.
Council Hiking Chicago Phone Fees To Fund Pension SystemsAldermen have approved a plan to hike the city’s monthly 911 surcharge on phone bills by 56 percent to help shore up the city’s pension funds, and avoid a property tax hike before next year’s elections.
Mayor Defends Controversial School Budget MovesMayor Rahm Emanuel defended the Chicago Public Schools’ use of what some would call a fiscal “gimmick” to balance its $6.8 billion budget for next school year.
Aldermen Back Mayor's Plan To Hike Phone Tax To Fund PensionsMayor 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.
Quinn Signs Legislation For Chicago Pension OverhaulIt’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.