Chicago aldermen are about to vote on a property tax hike. How the city chose to calculate it will boost tax bills for years to come. – Chicago Tribune*

"(T)he Lightfoot administration opted to calculate the tax hike using a nationwide consumer price index from the Bureau of Labor Statistics, rather than the one the federal agency maintains just for the Chicago area. So rather than a 0.9% change and a tax hike of $14.7 million next year, Chicago property owners will share a $22.9 million increase on a 1.4% change, which will then carry over to 2023 and beyond."