Chicago aldermen had until Sept. 2 to reject a roughly 10% pay raise for next year. The highest-earning council members will make $142,772 starting Jan. 1, 2023 – more than double the city’s median household income.
Voters decide Nov. 8 whether to pass Amendment 1 – a hidden tax hike that could cost Illinois taxpayers, including fixed-income retirees, their homes and put homeownership farther out of reach for young families.
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.