Sections:

Article

Mayor's tax increases won't go to schools as Rahm and Forrest Claypool play a game of 'chickie' with Springfield...

Forrest Claypool (left) and Rahm Emanuel (right).The City of Chicago is being asked to raise property taxes by between $500 and $600 million, as the headlines have reminded everyone. And there are splits in the Chicago City Council over whether to approve the deal. Aldermen representing the wards that have a large number of lucrative commercial properties are hearing from the majority of their constituents that the tax increase will be another one of those "job killers." But the majority of Chicago wards include people whose property taxes are paid on their own homes (although the number of those have been reduced since the scandalous banker catastrophe that followed the "real estate bubble").

But how many of those new dollars in taxes will go to Chicago Public Schools?

Zero.



Comments:

Add your own comment (all fields are necessary)

Substance readers:

You must give your first name and last name under "Name" when you post a comment at substancenews.net. We are not operating a blog and do not allow anonymous or pseudonymous comments. Our readers deserve to know who is commenting, just as they deserve to know the source of our news reports and analysis.

Please respect this, and also provide us with an accurate e-mail address.

Thank you,

The Editors of Substance

Your Name

Your Email

What's your comment about?

Your Comment

Please answer this to prove you're not a robot:

5 + 3 =