12/19/2008 05:12 am ET | Updated May 25, 2011

Daley Endorses Tax Plan He Once Dismissed

Mayor Richard Daley said today that the state should expand a state program that provides property tax relief to disabled, low-income, elderly residents.

He suggested the circuit breaker program also should include longtime low-income homeowners who are not disabled. The mayor floated the idea about a month after Cook County Assessor James Houlihan made a similar suggestion.

Houlihan proposed that all Cook County homeowners who pay spend more than 5 percent of their income on property taxes would get up to $700 off their property tax bill.

Read more on Chicago Tribune