The mayor's chief financial officer, Jennie Huang Bennett, said tying annual property tax hikes to inflation provides predictability and stability in property tax levels while the city is still "digging itself out of a history of poor financial decisions" that tanked the city's bond rating in recent decades, and increased the cost of borrowing.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Folks, Chicago property tax rates are now doubling every 9 years. West Detroit has arrived for us Northsiders.