After much revision, Mayor Brandon Johnson’s budget plan ekes through Finance Committee – Chicago Tribune/Yahoo

Aside from the property tax hike, the biggest revenue boosters to help close next year’s budget gap include a boost to the personal property lease tax from 9 percent to 11 percent, and the amusement tax on streaming services from 9 percent to 10.25 percent. The lease tax is charged on cars and equipment as well as software and cloud computing leases, and boosting it is expected to bring in another $128, while the streaming upcharge would bring in another roughly $13 million.
1 Comment
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Where's Mine ???
1 year ago

Big picture translation…..dopey Chicago homeowner/taxpayers are stuck with making up for all the fed COVID funding, approx $6 bil city budget increase from pre to post COVID, with only token cuts and ZERO layoffs as aldercriders put up only minimal objection. By this time next year all the COVID-ARPA fed funds will be gone.

Last edited 1 year ago by Where's Mine ???

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE