Tag Archives: Property Taxes

Property Taxes Expected to Increase in Chicago to Mitigate City’s Impressive Debt

By Jessica Holguin | Posted on August 11, 2016

According to Chicago’s 2015 Comprehensive Annual Financial Report, our city’s debt has more than tripled since 2014 and now has unfunded liabilities totaling nearly $24 billion. Without significant pension reforms and spending reductions Chicago’s debt will undoubtedly continue to grow. While city and state officials are pursuing a variety of policies aimed at mitigating… Read More »