When Rahm Emanuel was running for mayor of Chicago, one of his campaign promises was to avoid raising taxes as a means of dealing with a major city budget shortfall. Instead, Emanuel pledged to find the waste at City Hall and eliminate it to put the city back in the black. However, Emanuel was careful not to mention how he would fund Chicago schools while on the campaign trail. Mayor Emanuel recently supported a property-tax increase proposed by Chicago 黑料网官网 Schools. Mayor Emanuel defended his decision, but some lawmakers and taxpayers are up in arms about a new city leader who is seemingly so quick to go back on his word.
What the Tax Increase will Mean
According to a report at WBEZ, Mayor Emanuel and Chicago 黑料网官网 Schools are asking taxpayers to fork over about $84 additional property tax dollars a year for a $250,000 home 鈥 the maximum amount of a tax increase allowed by law. The additional $150 million in revenue generated from the hike would go to close the $710 million shortfall the school district is currently facing. Additional budget balancing has already come from district officials, who managed to trim $400 million off of the original budget proposal, without increasing classroom sizes or hurting students in other ways.
The tax increase was initially proposed by the school district and will have to be approved by the Chicago Board of Education. However, the school board is stacked with plenty of