Playing politics with the property tax hike
Mayor Rahm Emanuel is trying to limit the political damage of his upcoming property tax hike.
The Chicago Tribune reports, the mayor is proposing an exemption for people whose houses are worth less than $250,000.
But don’t expect it to happen.
Governor Bruce Rauner wants a statewide freeze on any property tax hikes; and experts say Rauner is likely to see Emanuel’s plan as an effort to do nothing more than provide political cover for the mayor; so the governor would reject it.
Emanuel could then blame Springfield for any property tax hike on low-income homeowners.