Aldermen Tackle Public Health Budget
In response to Mayor Rahm Emanuel’s proposed 2014 fiscal budget, Aldermen Tuesday questioned the city’s health commissioner about the department’s past performance and future plans. The proposed $8.7 million budget released Oct. 23, allows the city to balance its finances without increasing or introducing new property, sale or gasoline taxes, according to a statement […]
Proposed legislation would increase gas tax
With gas prices soaring, proposed legislation to increase Illinois’ gas tax has the social media buzzing.
No More Loop Car Congestion After Parking Lots’ Taxes Increase?
Increased taxes on public parking lots are in store for Chicagoans. An additional $2 tax would apply on daily parking and $40 for monthly …
Cutting Head Tax Means Relief For Large Employers
In an effort to bring more jobs to Chicago, Mayor Rahm Emanuel introduced an ordinance last Wednesday that would halve and later eliminate the so-called head tax that the city’s largest employers pay. Businesses with at least 50 full-time workers pat a $4 monthly tax for every employee. Under the mayor’s proposal, the head tax […]
Only One Austin TIF Project Completed in Decade, AustinTalks Finds
By AustinTalks Chicago’s tax-increment financing program is designed to eradicate blight, create jobs and promote economic development in neighborhoods that need it most. But TIF - which diverts property tax dollars to private developers in an effort to spur growth – appears to be doing little to help the residents of Austin. Of the 184 private-sector TIF […]
New Mayoral Task Force Tackling TIF Troubles
Chicagotalks has reported and mapped them. The Chicago Reader has doggedly investigated them. Now Mayor Emanuel is unleashing a special Task Force on Tax Increment Financing (TIF) and how it works, or doesn’t, as an investment tool. We’ll follow this story, but if you’re ticked that the taxes you pay in your neighborhood go elsewhere, […]
Belmont-Central Gets Revised Budget & TIF Plan Update
You can view the Belmont Central Amended TIF Plan and the Belmont Central TIF Presentation for yourself. Changes in the estimated property tax led to the revisions (see below.) Use Chicagotalks’ interactive TIF map to see how Belmont-Central taxes have been spent, and to evaluate the amended plan. The interactive map and other stories about […]
2nd Ward Alderman Talks About His Budget “No” Vote
It has been more than two weeks since the City Council approved Mayor Richard M. Daley’s $6.1 billion budget, but the questions about Chicago’s fiscal future will only get tougher, according to Ald. Robert Fioretti (2nd). From the Skyway to the controversial parking meter lease, the city has sold assests while looking for other possible […]
