• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Daily News Chicago

The Chicagoland's Top Daily News Source

DAILY NEWS CHICAGO
The Chicagoland's Top Daily News Source

  • Home
  • LOCAL NEWS
  • BUSINESS
  • POLITICS
  • REAL ESTATE
  • MEET THE TEAM

Chicago: Federal Bailouts Won’t Save City Finances

October 19, 2021 by Marita Overfelt

Chicago is adding to its deficit even as it receives a federal bailout.




NRPLUS MEMBER ARTICLE

F
inances are so shaky in Chicago that, even with an infusion of $3.5 billion in federal aid, Mayor Lori Lightfoot included a $76.5 million property-tax hike in her new budget plan. That tax hike would raise residential-property-tax bills by an average of $72 to $180, depending on the region of the city.

Chicago’s business community directly pushed back on the mayor’s approach. “With the historic level of federal funding coming to the city we can avoid a property-tax increase that impacts all residents and businesses,” the Chicagoland Chamber of Commerce responded. They’re right, but reformers face an uphill battle to convince the …

>>>#ad: Don't Miss Today's BEST Amazon Deals!
Originally Appeared Here

Filed Under: BUSINESS

Primary Sidebar

More to See

Chicago Shooting News Live Updates: Police find man suspected in shooting at Chicago-area parade; six dead, 30 injured

Chicago Shooting News Live: A gunman on a rooftop opened fire on an Independence Day parade in suburban Chicago on Monday, killing at least six people, wounding at least 30 and sending hundreds of … [Read More...] about Chicago Shooting News Live Updates: Police find man suspected in shooting at Chicago-area parade; six dead, 30 injured

Stand out in any market

The real estate industry is beyond crowded — it seems like agents are popping up everywhere and taking aim at your clients. So, how can you cut through all that noise to stand out? You’ve got to … [Read More...] about Stand out in any market

Highland Park parade shooting kills 6, wounds more than 30

Chicago Mayor Lori Lightfoot confirmed to the New York Times that the Chicago Police Department is assisting in the response and investigation.  “Law enforcement is working hard to bring the shooter … [Read More...] about Highland Park parade shooting kills 6, wounds more than 30

Privacy Policy | Terms and Conditions | About/ Contact
As an Amazon Associate I earn from qualifying purchases.
Copyright © 2022 · Daily News Chicago . Log in