Taxes
Board of Ed to vote on $5.1 billion budget
The CPS budget calls for spending $100 million in reserve funds to avoid tax increases. The district will dedicate $18 million for a high school transformation program.
2 days ago | By Paul D. Bowker
CPS to dig into reserves for '09 budget
The Chicago Public Schools district will draw $100 million from its reserve fund rather than raise its tax rate to meet a budget shortfall, school officials say.
1 month ago | By Steven Chaitman
Tax repeal proposal fails
A proposal by Commissioner Tony Peraica to reverse the county's 1 percent sales tax fails by a 10-7 vote with some of Peraica's colleagues accusing him of political grandstanding.
1 month ago | By Paul Rock
Officials press for property tax reform
Existing caps on property tax increases aren't enough, the mayor says. Tax bills are rising faster than paychecks, leading homeowners to default on their mortgages, he says.
2 months ago | By Jennifer Slosar
Budget squeeze calls for cuts, Daley says
Chicago Mayor Richard Daley announces a broad range of city budget cuts that will include a hiring freeze and spending cuts brought on by lingering economic woes and the effects of a harsh winter.
5 months ago | By Jennifer Slosar
Committee: Property sellers will pay CTA bailout taxes
Real estate advocates say the plan punishes property owners already suffering from declining sale prices. The money will be used to avert CTA service cuts.
5 months ago | By Jennifer Slosar
Board of Review to reexamine property assessments
The mayor offered an olive branch to strapped homeowners, allowing them to appeal property assessments in advance of their 2007 tax filings.
5 months ago | By Jessica Pupovac
Mayor pitches property tax relief
County: reassessment not in the cards
6 months ago | By Jennifer Slosar
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