Chicago’s biggest music event brings in millions in revenue for the city, but tickets to the lakefront festival carry the amusement taxes and overnight visitors pay the nation’s highest hotel tax.
The governor said Illinoisans wouldn’t be interested in a toll increase to keep the Bears. Then he signaled support for what would be the largest passenger toll hike in state history.
The state finally passed legislation to comply with a 2023 U.S. Supreme Court ruling that the government may not keep surplus equity when property is sold for unpaid taxes.
Chicago Public Schools borrowed over $1.8 billion amid a delay in last year’s Cook County bills, adding interest costs and exposing the fragility of the district’s finances.