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Chicago Taxes

How Much Could Chicago's New Taxes Cost You?

Reboot Illinois | Posted 09.08.2015 | Chicago
Reboot Illinois

In order to help Chicago and its public schools face a severe fiscal crisis after years of borrowing, mayor Rahm Emanuel is preparing to reveal some significant new Chicago taxes. Because the state is trying to deal with its own budgeting and revenue crises, the mayor can't rely on help from Springfield to shore up the city budget.

Is Illinois Raking in Taxes from Your County?

Reboot Illinois | Posted 07.22.2014 | Chicago
Reboot Illinois

It's budget time right now in Springfield, and this year lawmakers are arguing over whether to make permanent the temporary tax increase passed in 2011. The tax debate makes this year's budget talks all the more contentious.

Should Chicago Levy A 'Commuter Tax' On Suburban Workers?

Posted 10.09.2013 | Chicago

The tax man will come a-calling for suburbanites working in the city of Chicago if one community group has its way. The labor-community coalition ...

Alderman Proposes Tax Hike On Soda, Sugary Drinks

Posted 02.17.2012 | Chicago

A Chicago alderman on Thursday introduced a resolution calling on the City Council to look into a new tax on soft drinks and energy drinks -- a propos...

Should Chicago Taxpayers Have To Pay For Stadium Renovations?

Posted 12.02.2011 | Chicago

Chicago Mayor Rahm Emanuel on Thursday lashed out against a leaked report that renovations to the city's Soldier Field and U.S. Cellular Field could c...

Cook County Could Raise Alcohol Tax By 50 Percent

Posted 01.10.2012 | Chicago

Citing concerns about alcohol abuse, Cook County Board President Toni Preckwinkle on Wednesday announced a plan that would increase alcohol taxes by 5...

Rahm Doubles, Triples Many Additional City Fines, Fees

Posted 01.07.2012 | Chicago

Though Mayor Rahm Emanuel bowed slightly to various criticisms of his proposed budget last week as he restored some funding to the city's libraries an...

Could A Ramped-up Amusement Tax Kill Chicago Music?

WBEZ | Posted 11.28.2011 | Chicago

Most of the attention paid to Chicago Inspector General Joe Ferguson's recent report on how Chicago might solve its unprecedented budget crisis has fo...

Daley Won't Raise Property Taxes, Won't Plant Trees, Either

Chicago Sun-Times | Posted 05.25.2011 | Chicago

Mayor Daley said today he would hold the line on property taxes in 2011 and declare a one-year moratorium on some beautification projects -- including...

Todd Stroger Meets Econ 101

Paras Bhayani | Posted 05.25.2011 | Chicago
Paras Bhayani

Pity Todd Stroger, the embattled Cook County Board chief who, having served the machine faithfully, is now being tossed under the bus as voters turn their ire on tax-happy politicians.

Chicago Slacking On Taxes: Second Latest Filers In The Country

Posted 05.25.2011 | Chicago

The deadline to file taxes is creeping up, but Chicagoans are in no hurry. According to Intuit Inc., makers of Turbo Tax software, Chicago is the nu...

City Turning Taxpayers Against Each Other

Chicago Sun-Times | FRAN SPIELMAN | Posted 05.25.2011 | Chicago

Would you be willing to rat out a business that's cheating Chicago on taxes in exchange for a share of back taxes recovered?...

Daley Promises No New Taxes, Fines Or Fees In 2010 Budget

Chicago Sun-Times | FRAN SPIELMAN | Posted 05.25.2011 | Chicago

Arguing that Chicagoans are "suffering" and can't stand to pay any more, Mayor Daley said Thursday he would hold the line all taxes, fines and fees in...

Property Taxes: Winners And Losers

CBS 2 | Vince Gerasole | Posted 05.25.2011 | Chicago

It's a taxing weekend for Cook County home owners. In tough economic times, many are coping with confusing double digit property tax increases....

CPS Board Approves Tax Hike

ABC7 Chicago |    | Posted 05.25.2011 | Chicago

Chicago home owners will see an increase on their next property tax bill. The Chicago Public School Board approved a one and a half percent increas...

Tax Increase Possible As City Budget Gap Reaches $520 Million

Chicago Tribune | Hal Dardick | Posted 05.25.2011 | Chicago

Even after the city exhausts a $320 million rainy day fund created by leasing the city's parking meters, it still must find $520 million in costs savi...

Aldermen Push Business-Boosting Stimulus Plan Laden With Tax Breaks

Chicago Sun-Times | FRAN SPIELMAN | Posted 05.25.2011 | Chicago

Arguing that downtown restaurants, retailers and theaters desperately need a shot in the arm, a group of aldermen today proposed their very own Chicag...

New Year, New Taxes

Chicago Tribune | Hal Dardick | Posted 05.25.2011 | Chicago

The pocketbooks of Chicago residents, workers and visitors won't be gobbled up by a big, single tax bite at the start of the year, but they could be n...

Daley Endorses Tax Plan He Once Dismissed

Chicago Tribune | Hal Dardick | Posted 05.25.2011 | Chicago

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

City Looking To Tax Satellite TV

suntimes.com | Say Anything | Posted 05.25.2011 | Chicago

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TIF Districts Costing City Over $550M: Study

Chicago Reader | Ben Joravsky | Posted 05.25.2011 | Chicago

Cook County Clerk David Orr's annual TIF report is due out tomorrow, and the news is all bleak. On the one hand, the city's tax increment financing d...

Stroger Says No New Taxes In County Budget

Chicago Tribune | Posted 05.25.2011 | Chicago

Months after convincing commissioners to approve a one-penny-on-the-dollar sales tax increase, Cook County Board President Todd Stroger said Wednesday...

Why Property Taxes Rise Even As Home Values Plunge

Chicago Reader | Ben Joravsky | Posted 05.25.2011 | Chicago

A few hours after my property tax bill arrived in the mail last week, I took the dog for a walk and bumped into a neighbor. "My taxes went up again," ...

If Paying Taxes is Patriotic, Chicagoans are the Best Patriots on Earth

Brett Ashley McKenzie | Posted 05.25.2011 | Chicago
Brett Ashley McKenzie

If paying taxes makes you patriotic, Chicagoans should get a memorial built in their honor (or just add Harry Caray's face to Mount Rushmore).

Duncan Urges Income Tax Hike For Schools

Chi Town Daily News | Paul D. Bowker | Posted 05.25.2011 | Chicago

Chicago Public Schools chief Arne Duncan told state legislators yesterday that a "modest income tax hike" should be considered so that school funding ...