Previous pension obligation bonds in Illinois have increased costs to taxpayers and done nothing to solve the fiscal challenges created by the pension system.
Chicago homeowners will see their property tax bills rise by an average of $110 this summer. But suburban residents and business owners should also prepare for a hike.
Alderman Ricardo Munoz's proposal highlights seven expensive properties in or around the Loop that aldermen contend were underassessed, shifting the property tax burden to other property owners.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.