Property taxes will fund most of CTU’s $1.5 billion new contract – Crain’s

Chicago Public Schools says it's confident it will be able to pay for the contract—but only with $100 million a year in new property taxes and aid from the state, aid that may be dependent on enacting a graduated income tax.

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Illinois Entrepreneur
6 years ago

As I’m reading this article it occurs to me that CPS, CTU have all mastered the art of obfuscation and lying. Nobody wants to admit that our property taxes will get slammed with increases again, because they all know that this is becoming a very hot potato with taxpayers. But again, the “progressive income tax” unicorn is there to save us all. The magical unicorn I have named PIT (progressive income tax) is now apparently going to pay the increase in costs for this bloated and excessive teacher contract. There are many others riding PIT’s back as well, and PIT… Read more »

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