Finance Committee rejects bid to repeal property tax hikes tied to inflation – CBS2 (Chicago)

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.
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Old Joe
3 years ago

Folks, Chicago property tax rates are now doubling every 9 years. West Detroit has arrived for us Northsiders.

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