Local News

CPS proposes property tax hike to help budget

The Chicago Public School Board announced a 1.5 percent property tax hike  proposal today in hopes of helping balance its bleak budget problems.

The increase will bring in an additional $89 million for CPS. CPS claims the tax increase comes out to an additional $51 for a $230,000 home.

The city will also dip into its $700 million reserves.

CPS has already fired 3,000 teachers and staff and closed roughly 50 schools.

The board and Mayor Emanuel are blaming Springfield legislators for their financial woes in Chicago. They say the tax is a temporary fix until Springfield cleans up pension problems overwhelming the rest of the system.

The vote by the school board takes place in August.

VIEW & ADD COMMENTS

12 Comments to “CPS proposes property tax hike to help budget”

    vince said:
    July 24, 2013 at 5:22 PM

    As always the Chicago School board hits the home owners and plays the blame game. They waste millions each year and cry broke every year. Someone needs to look into where all the money is going. BTW they still putting in new lights in all the schools they are closing??? Waste & fraud is all the School Board is good for.

    vince said:
    July 24, 2013 at 5:26 PM

    Can't wait to move out of this state. Nothing put waste & fraud through-out all departments & programs. All they know how to do is cry how broke they are every year.

    vince said:
    July 24, 2013 at 5:30 PM

    CPS claims the tax increase comes out to an additional $51 for a $230,000 home.

    Yet when the county sends out your bill it's more like hundreds. Once more the hard working families of the state are asked pay for the waste & fraud that is always happening in the CPS!!!

    vince said:
    July 24, 2013 at 5:36 PM

    They say the tax is a temporary fix until Springfield cleans up pension problems

    Hahahahahahaha!!! What a lie temporary CPS will find a way keep it forever. CPS needs to be cleaned out from top to bottom nothing but a cesspool of waste & fraud like in Springfield.

    vince said:
    July 24, 2013 at 5:43 PM

    Why is no one investigating this cesspool of waste & fraud that is called the Chicago School Board???

    vince said:
    July 24, 2013 at 5:44 PM

    temporary fix

    What a lie CPS will just cry broke to keep it.

    Roy said:
    July 24, 2013 at 6:14 PM

    CPS is full of BS. Can someone save us from this bloated and wasteful system of management? I want to leave this city. Always sticking It to the homeowner.

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