Chicago (Wand)-As part of the $ 16.7 billion budget approved Wednesday, 5,000 low-income households in Chicago will be paid $ 500 per month.
A large injection of federal dollars has increased spending on a series of programs in Chicago by 30%. A 35-15 vote approved the use of nearly $ 2 billion in federal funding, closing the $ 733 million budget gap. Per NBC Chicago..
The program’s funding includes more than $ 200 million in the fight against the homeless, $ 67 million in the mental health program, and $ 31.5 million in the basic income effort.
Chicago’s spending plan features a $ 76.5 million property tax. Part of this amount represents a tax increase approved by Chicago leaders in 2020, which is related to the national consumer price index.
The city’s budget officials said real estate worth an average of $ 250,000 is expected to rise by about $ 38 a year.
Eighteen city council members voted against the property tax.
Chicago approves $ 500 per month for low-income households and other budgetary measures.Top story
Source link Chicago approves $ 500 per month for low-income households and other budgetary measures.Top story
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