Chicago-area sales taxes were already No. 2 in the U.S., but new taxing authority handed to the Regional Transportation Authority will raise them to No. 1.
Chicago’s budget has grown much faster than inflation, leaving taxpayers to endure higher costs without receiving better services. Implementing a spending cap linked to inflation could have kept costs under control, helping prevent future deficits
As housing prices continue to soar out of reach for more Americans, an impulse from policy makers across the country has been to attempt to mandate “affordable” prices through legislation. One common idea is rent control, which limits how much landlords can increase rents on residents. A related one is inclusionary zoning, which forces developers...
As Chicago faces a major deficit for fiscal year 2026, Mayor Brandon Johnson is considering resurrecting a failed idea that punishes job creation: the corporate head tax.
Legalizing additional dwelling units across Chicago would expand housing options, support families and boost affordability without changing the character of single-family neighborhoods. Chicago’s mayor is ready to move on the issue.
Chicago Mayor Brandon Johnson likes to parrot platitudes about taxing the rich to fix the city, CTA and Chicago Public Schools finances. But all three made bad decisions and did not adjust to post-pandemic realities. And the rich can move away.
House Bill 1813 would prevent municipalities from prohibiting the construction of accessory dwelling units such as granny houses or basement apartments, allowing more opportunity for naturally affordable housing solutions.
Published Jan. 23, 2025 Chicago’s 2020 Additional Dwelling Unit Ordinance, while well-intentioned, has stifled development. Despite 71% of Chicagoans being in favor of putting additional dwelling units on existing residential lots – higher than the national average – restrictive and inequitable regulations have ensured very few are built.1 Only 44% of pre-approved applications have received...
Chicago Mayor Brandon Johnson failed to rally the votes for a record $17.3 billion budget imposing $68.5 million in property tax hikes. City leaders have another chance to fix the budget. Here’s how they can do it.
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.