Since news leaked last week that Mayor Rahm Emanuel is considering a record high property tax increase of $500 million, the mayor says he’s confident the City Council will stand with him and his plan to overcome the city’s massive financial hurdles. Tonight we’ll ask aldermen to sound off on the property tax increase and other tax proposals.
Chicago aldermen
A proposed penny-per-ounce tax on sugary beverages is meant primarily as a way to address skyrocketing obesity and diabetes rates. But some of that revenue could go toward funding the city’s big cash crunch.
Aldermen: No More Property Tax Breaks for Big Buildings
The parade for new city taxes continued Thursday as a group of aldermen made their case to Mayor Emanuel that powerful corporations and the wealthy should shoulder the burden of tax hikes to help plug a massive budget hole. The aldermen are also targeting the private law businesses of powerful political figures like Ald. Ed Burke (14th Ward) and House Speaker Michael Madigan.
Could Chicagoans soon be paying higher taxes for sugary drinks? We'll tell you about that and other items Chicago's City Council took up today.
We share what you had to say about Archbishop Blase Cupich’s comments on the Catholic Church’s financial situation, Chicago aldermen’s reactions to Gov. Bruce Rauner’s City Council address, and support for PBS Chief Paula Kerger.
