Mayor Emanuel set to call for largest property tax hike in modern Chicago history
By WGN TV
CHICAGO -- Mayor Rahm Emanuel is ready to call for the largest property tax increase in modern Chicago history.
A City Hall source tells the Chicago Tribune the mayor is considering a property tax hike of between $450- $550 million.
He hasn't settled on a final number yet,
Emanuel also reportedly plans to push for a new garbage collection tax, a new per-ride fee on taxis and ride services such as Uber, and a new tax on electronic cigarettes and smokeless tobacco products.
The aim is to generate enough money to make a major pension payment for police and firefighters next year.