Todd Feurer, Web Producer at CBS Chicago
Chicago (CBS) — The City Council Finance Committee approved a $ 76.5 million property tax hike and the remaining packages of taxes, fees and borrowings to fund spending plans, resulting in 2022 Mayor Lori Lightfoot’s $ 16.7 billion. Budget planning cleared the first hurdle on Thursday.
The Finance Commission has cast 19-12 votes to approve the property tax hike. This includes an automatic tax increase of $ 22.9 million related to the consumer price index, which Alderman approved last year as part of the 2021 budget plan. An additional $ 25 million to fund the mayor’s $ 3.7 billion capital infrastructure program. $ 28.6 billion in tax revenue from new real estate.
The mayor’s budget team told Aldermen that the property tax hike would cost the average owner of a $ 250,000 home an additional $ 38 on their annual property tax bill.
The city council members who voted against the tax increase are: Brian Hopkins (2)NS), Anthony Beer (9NS), Patrick Daley Thompson (11)NS), Marty Quinn (13)NS), Edward Burke (14NS), Raymond Lopez (15)NS), Silvana Tavares (23)rd), Gilbert Vigegas (36)NS), Nicholas Sposert (38)NS), Brendan Riley (42)NS), And Debra Silverstein (50)NS).
In addition to raising property taxes, Alderman also approved the mayor’s revenue ordinance. This includes the laundry list fees that the city charges for various licenses and permits. It also includes fines for various parking lots, traffic and other code violations.
The mayor’s budget plan includes two pilot programs to reduce the burden of traffic violations and parking violation tickets for low-income drivers.
The mayor’s plan is that those who can show that they can’t afford to repay the pile of tickets will have the opportunity to repay the latest tickets and the rest of their debt will be tolerated. You can also qualify for a program that halves the cost of your tickets.
In addition, anyone in Chicago can qualify for a “correction ticket” program for simple non-compliance such as lost city vehicle stickers, giving them a last chance to buy the stickers they need and if they do. Allow the ticket. A sticker within 30 days of receiving the ticket.
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The Finance Committee has also approved the mayor’s plan to borrow $ 660 million to fund her plan for a recovery from a pandemic. & Culture, Environment, Homeless Assistance, and Other Programs.
Some city councilors initially postponed the mayor’s borrowing plan, saying that they did not provide enough information about the particular funded project.
“I think what we have here, to be completely honest with you, is a matter of trust. Most of us are right in this administration by our neighbors and the people we represent. Trust that you don’t have to act. We can see the list until the face turns blue, but now … borrowed a $ 660 million loan and how it is You are asked to return everything as a blank check without knowing exactly what will benefit us, if it is included in how it is used and prioritized. Most colleagues don’t think so, especially when I’m not comfortable with it, “says Ald. Raymond Lopez (15NS), One of the mayor’s loudest critics.
However, Aldo, the chairman of the budget committee. Pat Dowell (3rd) He told city councilors that details of the mayor’s plan last month have already been provided.
And Aldo, Deputy Leader of Lightfoot. George Cardenas (12NSDowell said he had done a “amazing job” of providing that information to his colleagues.
“The list was there. It’s right in front of me. Don’t politicize this process? Everything else in Chicago is now politicized. We know where the money goes.” He said. “It’s sad that some of our colleagues are involved in politicizing everything we do, and I think it’s sad.”
Eventually, the Finance Commission voted 27-3 in favor of the borrowing plan, with only Beer, Burke and Lopez opposed.
The next step in the annual budget process is for the Budget Committee to vote on the spending side of the mayor’s budget plan on Friday afternoon. If approved, the city council’s final vote may take place next week.
City Council Finance Committee Approves $ 76.5 Million Property Tax Increase as Mayor Lori Lightfoot’s 2022 Budget Plan Passes First Test
Source link City Council Finance Committee Approves $ 76.5 Million Property Tax Increase as Mayor Lori Lightfoot’s 2022 Budget Plan Passes First Test
The post City Council Finance Committee Approves $ 76.5 Million Property Tax Increase as Mayor Lori Lightfoot’s 2022 Budget Plan Passes First Test appeared first on Illinois News Today.
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