Emanuel asks aldermen for property tax relief
CHICAGO — Mayor Rahm Emanuel says he’ll ask the city council to give home and business owners in Chicago some relief — from his own property tax hike.
Taxes were increased last year to raise money for police and fire pensions.
But then, the mayor failed to convince state lawmakers to double the property tax exemption, and effectively stop tax hikes on any home worth less than $250,000.
Instead, he’ll try to accomplish the same goal without state approval.