The federal cost of living numbers for December show a 7% increase in the national consumer price index from the previous year; That means property taxes are set to go up 5% next year — the ceiling Lightfoot set for a single-year jump. The 2022 inflation-linked tax hike of 1.4% is set to bring in $22.9 million to help the city meet its woefully underfunded public pensions.
Very smart of Lori. The city needs more tax revenue and this is a great way to make sure you can get more money every year without the difficult vote. Very smart.
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.
Very smart of Lori. The city needs more tax revenue and this is a great way to make sure you can get more money every year without the difficult vote. Very smart.