Chicago Mayor Proposes 11 Tax- And Fee-Hikes As Part Of 2025 Budget

Illinois Policy ^ | 12/12/2024 | Dylan Sharkey

[SeekAndFind]

Chicago is on the verge of adding $233.9 million in new tax hikes as part of the city’s $17.3 billion budget for 2025, if aldermen pass Mayor Brandon Johnson’s proposals.

Johnson’s tax increases include hikes in property taxes, personal property leases, the city shopping bag tax and the tax on streaming services. Hikes are hitting vehicles with more speed cameras, parking taxes and rideshare fees.

These have already passed the City Council Finance Committee, meaning it could pass the full council by the end of the week. The bulk of the tax hikes will come from:

• $68.5 million: Property tax hike, down from Johnson’s original $300 million ask which was met with a unanimous “no” vote by the city council.
• $128.1 million: Hiking personal property lease tax, including on cloud computing, to 11% from 9%.
• $12.9 million: Increasing the amusement tax on streaming and tickets to live events to 10.25% from 9%.
• $11.4 million: Increase number of speed cameras in the city.
• $5.1 million: Raising paper and plastic, single-use shopping bag tax by 3 cents to 10 cents total.
• $7.9 million: Other fees and taxes, including on parking and rideshares.

Find your city council member and tell them Chicago taxes are already too high. The new budget is due by the end of the year, so they could vote on the hikes in a matter of days.

[Fai Mao]

They voted overwhelming for that fool.

[LeonardFMason]

Honestly Chicago can sink into Lake Michigan for all I care. It is a blight on the US. HOPELESSLY Democrat and suffering for it. Wouldn’t miss it for a second.

[_longranger81]

If one major American city, just one, does the wacky thing and elects a Republican government, and if those Republicans turn that city around, then the Democrat Party is deader than John Cleese’s parrot.

[no-to-illegals]

Throw money at the problem and raise taxes <~~~ democrats’ MO (method of operation)

[BigFreakinToad]

Searching “sympathy” ... file not found

[faithhopecharity]

Wonderful! Makes me wanna live in Chicago even more than previously. Great thinking from the politicians
/s

[PubliusMM]

Chicago gets the gubmint it elects.

They rode this pig into office. They will have to ride him out.

[maddog55]

Exactly...you get what you vote for. I believe Chicago, like most liberal cities, should be the last place you deport illegals from. Let them suffer their choices as long as possible.

[ViLaLuz]

It’s expensive running a sanctuary city.

[simpson96]

He is simply too stupid to know that it’s a spending problem, and raising taxes will do nothing to help.

[SunkenCiv]

This tab had been open I guess since October.

Chicago Should Consider Furloughs, Higher Booze Tax, Watchdog Says
Civic Federation lays out options for city to close shortfalls
Chicago faces deficit of more than $1 billion through 2025
By Shruti Singh
October 16, 2024 at 12:00 PM EDT
https://www.bloomberg.com/news/articles/2024-10-16/chicago-should-consider-furloughs-higher-booze-tax-watchdog?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS