Mayor gives good news, bad news budget address

Mayor Rahm Emanuel delivered a  good news, bad news budget speech Wednesday at City Hall.

His nearly $7 billion budget for 2014 contains no tax hikes.

But he’s warning that if Springfield doesn’t pass pension reform for Chicago, property taxes could double in 2015.

The mayor’s office has been dribbling out budget details since last week in the hope that the $34.2 million in tax, fee and fine increases would be old news by the time Emanuel delivers his speech, freeing up the public to focus on his new policy initiatives.

A 75-cent-per-pack increase in the city’s cigarette tax is projected to bring in about $10 million. Some aldermen questioned that figure, however, saying the higher tax would result in more black-market and across-the-border sales.

A 50 percent increase in the amusement tax rate on cable TV is expected to bring in about $9 million, barring any flight to satellite TV, which under federal law cannot be taxed as an amusement.

Increased zoning permit fees for large construction projects, as well as hefty additional fees for filing on paper in person instead of electronically, are expected to generate $4 million in additional city revenue.

Another $11.2 million would come from increasing certain parking fines and doubling the initial daily storage fees for vehicles impounded for any of a slew of offenses. One increase, to $75 from $25, for parking a recreational vehicle, truck, taxi or bus on a residential street, is meeting some resistance from aldermen.

 -The Chicago Tribune contributed to this report

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6 comments

  • Odd One

    New campaign slogan,

    “ONE TERM IS ENOUGH”

    We have had enough of Mr. Emanuel.

    Chicago can not afford a dynasty type mayor again.
    Let's vote this man out and elect another choice.
    A monkey could do a better job of fiscal budgeting
    simply counting bananas than Mr. Emanuel can with all of his wealth.

    “ONE TERM IS ENOUGH”

    Copy and paste this comment to start a campaign to vote him
    out of office next term. If we don't, then we deserve what we get.

  • Will

    The pols never warn about the fact that a lot of people can't afford to even live in this city anymore because everytime they have a budget crunch the solution is to raise taxes instead of downsizing their whole rotten lot, Maybe we can sell that stupid steel bean for scrap metal.

  • Jamal

    New campaign slogan,

    “ONE TERM IS ENOUGH”

    We have had enough of Mr. Emanuel.

    Chicago can not afford a dynasty type mayor again.
    Let's vote this man out and elect another choice.
    A monkey could do a better job of fiscal budgeting
    simply counting bananas than Mr. Emanuel can with all of his wealth.

    “ONE TERM IS ENOUGH”

    Copy and paste this comment to start a campaign to vote him
    out of office next term. If we don't, then we deserve what we get.

    Read more: http://wgntv.com/2013/10/24/mayor-gives-good-news

  • Amos Wentworth Hogg

    Emanuel is the worst mayor our city has ever had! He reminds me of Hitler—his hatred for Cigarettes & Cigarette smokers! In fact his ridiculous tax increase on Cigarettes won't even help the city's budget that he has ruined! I also hear he want's to ban Menthol Cigarettes which would target older African American men, so as I said he reminds me a lot of "Adolph!"Amos

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