Renters' payments could go up under Mayor Emanuel's proposed property tax increase. And we talk to Chicago musician and producer John Corbett about his new book. Plus a sneak peek at this year's winter weather and a conversation with one of this year's MacArthur Genius winners.
Comedian Stephen Colbert started his new role as host of The Late Show with Stephen Colbert on CBS last night, but his comedic roots are at Chicago's Second City. A new book looks at the work of Richard Durham, who created a popular weekly radio show called Destination Freedom, which focused on the lives of notable African Americans at a time when mainstream media did not. Reclaimed Soul’s Ayana Contreras is in with some of her favorite tunes by the Queen of Soul Aretha Franklin. Crain's Chicago Business real estate reporter Dennis Rodkin tells us how a Chicago property tax hike would affect everyone from homeowners to renters.
All the pressure will be on Chicago’s 50 aldermen when Mayor Rahm Emanuel formally introduces what could be the largest property tax increase in modern Chicago history as part of his budget plan — that’s because they will be the ones ultimately deciding whether to hit property owners with a bigger tax bill.
Chicago Tribune and Chicago Sun Times are reporting this morning that the Mayor is considering the largest property tax hike in decades to bring money to the seriously underfunded fire and police pensions.
Illinois Gov. Pat Quinn signed a controversial overhaul of two Chicago pension systems into law on Monday, as Mayor Rahm Emanuel vowed he wouldn't raise property taxes for at least a year to pay for the pension changes.