For the second year in a row, Chicago Public School officials under Mayor Rahm Emanuel will raise property taxes for schools to the maximum allowed by law, yielding the cash-strapped system $41 million.
The 1.5 percent increase should cost the average homeowner $28 a year, school officials said Wednesday.
via Chicago Sun-Times.
Well isn’t this interesting. We’ll see if CPS teachers, a/k/a the CTU, want to strike this year. I suppose homeowners won’t be getting their second installment of their tax bills until after the election (it always works that way.) So they won’t see just how much money goes to CTU CPS from their outrageous property taxes unless the strike goes into November. … Dare to dream.