I voted "No" on the Mayor's $588M Property Tax Increase

As you may know, I voted “No” on the Mayor’s $588 property tax increase. As the Chicago Tribune accurately reported before my vote was cast, I was "adamantly opposed to such a large property tax increase."

The City of Chicago simply cannot continue to reach further into the pockets of working Chicagoans to finance decades of economic irresponsibility and mistakes.

Alternatively, I proposed several revenue ideas consistent to restoring economic and social justice to keep our streets safe, educate our children well and make city services the best they can be.  These proposals include:

  • a tiny transaction tax on every financial transaction that occurs at the financial exchanges on LaSalle Street
  • a new property tax surcharge on every commercial building in our city with an assessment of more than $500 million