Local News

CPS proposes property tax hike to fix budget problems

The Chicago Public School board wants higher taxes to balance its budget problems.

The board is proposing a 1.5 percent property tax hike to generate $89 million for CPS.

That breaks down to an extra $51 for a $230,000 home.

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

CPS has already fired nearly 3,000 workers and closed 49 schools.

The board and Mayor Emanuel are blaming state lawmakers for the city’s financial woes.

The school board is scheduled to vote on the budget in August.

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11 Comments to “CPS proposes property tax hike to fix budget problems”

    Homeowner said:
    July 25, 2013 at 9:46 AM

    NO MORE HIGHER PROPERTY TAXES! I'm done paying some of the highest taxes in the country.

    Spirit said:
    July 25, 2013 at 9:57 AM

    The Mayor is CRAZY!!!!! Tax Alcohol or get out of the city!

    Guest said:
    July 25, 2013 at 10:56 AM

    How about freeze salaries for a year?

    keeping real said:
    July 25, 2013 at 11:03 AM

    what ever happened with the money from the lottery and casinos, all that gambling money??? also parking tickets??? where is the money???

      Enrique said:
      July 25, 2013 at 2:44 PM

      It’s spent on existing obligation i.e. government pensions protected by state law. They’re thieves. They run for office on the “locked box theory” to fool the taxpayer.

        Alleluia said:
        July 25, 2013 at 3:53 PM

        Its being used for the rich people @ riverwalk! He's forgetting about the rest of the city.

    joe said:
    July 25, 2013 at 11:07 AM

    GOOD BYE CHICAGO!

    Hal said:
    July 25, 2013 at 2:21 PM

    How about cutting spending and lowering taxes.

    Alleluia said:
    July 25, 2013 at 3:55 PM

    We're screwed!

    Ismael said:
    July 25, 2013 at 4:24 PM

    They want more money to waste. A politician is a person who takes your money and spends it on something that has nothing to do with You. Thank God I live in Du Page County. This is not a crooked county. No career politicians here. You hike taxes, out You go. It is that simple.

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