Lightfoot cancels property tax hike in announcing new budget

By Dylan Sharkey
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...

TAGS: budget, Lori Lightfoot