Schools Seek A 1% Income Tax Hike

Chicago Public Schools officials are floating plans for a one-point increase in the state's 3 percent flat-rate personal income tax, and a slightly higher increase for the corporate income tax.

The hike would generate an estimated $4.1 billion in new money for schools and statewide infrastructure projects. About half of the money would help school districts cover ever increasing operating costs--CPS would likely get about a 20 percent of this portion of the money--and the other half would go toward new school construction and other infrastructure projects like roads and mass transit.

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Comments

[heal57]

For some reason, tax money and lottery money NEVER goes to the schools as promised. People are hesitant to pay more taxes in this economy; especially when they don't believe it will benefit education.

[Eric8869]

AMEN!

We want a RETURN on our investment.