CHICAGO (CBS) — Mayor Rahm Emanuel and his challengers addressed the city’s budget and crippling pension debt in their second formal debate on Friday, and the mayor left the door open just a tiny bit on a possible property tax hike.
During the mayoral debate before Sun-Times editorial board, Emanuel noted he passed four balanced budgets without raising property taxes, and said his 2016 operating budget would not include a property tax hike, either.READ MORE: Rep. Danny Davis Holds Virtual Townhall Meeting On Reparations And Bill Awaiting Vote In Congress
“We’ll present a budget, again, in October that is balanced, puts money back in the rainy day fund, continues to make the structural reforms, and eliminate that structural deficit,” he said.
Cook County Commissioner Jesus “Chuy” Garcia said the mayor paints too rosy a picture of the city’s economy.
“Chicago has been slower to recovery, and has seen less prosperity than most major cities in the U.S.; and, comparatively, in the world,” he said.