Inflation spike means higher property taxes for Chicago homeowners next year – Journal Gazette and Times-Courier (Mattoon)

The Lightfoot administration chose to tie the change each year to the nationwide urban consumer price index rather than one the Bureau of Labor Statistics maintains for the Chicago area. The administration argued it makes sense to use the same inflation rate data employed in tax calculations by the Park District and Chicago Public Schools, even though the city can use whatever standard it wants as a home-rule entity.