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.
We delve into the big news that broke overnight that Mayor Rahm Emanuel is mulling the largest property tax increase in modern Chicago history. Then, the period between fall semester and Thanksgiving for them is called the Red Zone because more sexual assaults happen on U.S. college campuses during that period than at any other time during the school year. And there is a group of students who attend Chicago’s Simeon Career Academy who helped start a web production company. We wrap up the show with the story of Chicago businessman and philanthropist Julius Rosenwald.
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.