Mayor Lori Lightfoot Proposes Property Tax Hike, Gas Tax Increase, Layoffs, Other Job Cuts To Close $1.2 Billion GapWith no financial help on the horizon from Congress or the state, the mayor said the city must rely on making "shared sacrifices" to address the economic crisis created by the pandemic.
Some Families Plan To Leave Chicago After Major Property Tax IncreasesProperty tax increases in Cook County are going beyond sticker shock. For some families it's life-changing, and they say they will have no choice but to move.
$400M Property Tax Increase Could Save CPS Finances: Moody’sA property tax increase of that size, through, would weaken the city’s “political and practical ability” to increase taxes to fund pensions and other city services, Moody’s said.
Deadline Approaching Friday For Chicago Property Tax RebatesTime is running out for Chicagoans to apply for property tax rebates designed to soften the blow from the city’s largest tax increase in history. The deadline is the close of business on Friday.
Chicago Extends Deadline To Apply For Property Tax RebateCity officials have extended the deadline for Chicago homeowners to apply for a property tax rebate designed take the edge off a record tax hike approved by the mayor and the City Council last year.
As Feud Expands, Rauner Buys Rahm A Dead FishThe political feud between Chicago's mayor and the state's governor blew up even further on Friday in theatrical fashion.
City Council Approves Record $588 Million Property Tax HikeThe City Council has approved the largest property tax hike in modern Chicago history, with the vast majority of the new revenue going to shore up police and fire pension funds.
Emanuel To Aldermen: Raise Property Taxes, Or Lay Off Cops And FirefightersMayor Rahm Emanuel told aldermen Tuesday the city must raise property taxes by $543 million to shore up police and firefighter pension funds, or face laying off thousands of firefighters and police officers.
Mayor Gets An Earful At Relatively Calm Final Budget ForumThere were no disruptions Thursday night during the last of Mayor Rahm Emanuel's three town hall meetings on next year's Chicago city budget, but there wasn't time for much else, either.