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Lightfoot cancels property tax hike in announcing new budget

Lightfoot cancels property tax hike in announcing new budget

Months before her February election, Chicago Mayor Lori Lightfoot laid out to residents her $16.4 billion budget proposal for 2023. Lightfoot is walking back her plan to hike the city’s property tax levy by $42.7 million as an inflationary adjustment. She chose in 2020 to tie property tax hikes to inflation with a cap of...

By Dylan Sharkey

Linda Ekendahl

Linda Ekendahl

“I hope the property taxes don’t push me out into that level where I’m going to have to move because moving a business is also expensive. I’m hopeful it will work out, but I might have to be creative.”