Lightfoot: Property Tax Hike May Be Unavoidable

Jennifer Keiper
October 20, 2019 - 11:55 am
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CHICAGO (WBBM NEWSRADIO) -- Chicago Mayor Lori Lightfoot said she understands residents don't want their property taxes to go up but doesn't have a lot of tools available to her to generate substantial revenue.

She also told the Chicago Sun-Times that if her agenda isn't addressed during the General Assembly's fall veto session in Springfield, she'll have no choice but to hike property taxes.

Lightfoot has asked the state Legislature to approve a graduated real estate transfer tax and a casino gambling fix.

In 2015, then Mayor Rahm Emanuel persuaded the City Council to approve a $588-million property tax increase for police and fire pensions and school construction. It was the largest property tax increase in Chicago history.