Mayor Lightfoot Announces City Will Forgo Property Tax Increase Tied to Consumer Price Index For One Year
, Mayor Lori Lightfoot's administration announced Thursday that Chicago will forgo a property tax increase tied to the Consumer Price Index for one year.
The city's property tax was set to increase 5 percent without city action, which is the maximum property tax increase allowed by the city. The Consumer Price Index, which the tax increase is connected to, has increased byLightfoot credits the city's lower budget cap than the city has seen in previous years for allowing her administration to forgo the property tax increase. According to Lightfoot's office, a $128 million budget gap is anticipated for 2023.
"Because our economy continues to show better than projected recovery, our city revenues continue to exceed our estimates," Lightfoot said in a statement."As a consequence, I am happy to announce that we are able to forgo, for one year, the CPI increase on the property tax levy."
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
The Federal Reserve is missing a crucial turning point in its fight against inflation because it believes in flawed dataOPINION: The Federal Reserve is likely to brush aside any signs of progress in tamping down inflation expectations, or in tapering effective demand by destroying wealth and slowing the growth of incomes. An unnecessarily hard landing is likely.
Lire la suite »
How to apply for a rebate on Pa. property tax or rentLearn how to take advantage of Pennsylvania’s property tax rebate and rent rebate program, and a special one-time bonus approved this year.
Lire la suite »
How to apply for a Pennsylvania property tax rebate or rent rebateLearn how to take advantage of Pennsylvania’s property tax rebate and rent rebate program, and a special one-time bonus approved this year.
Lire la suite »
Germany: Annual CPI inflation jumps to 10% in September vs. 9.4% expectedGermany: Annual CPI inflation jumps to 10% in September vs. 9.4% expected – by eren_fxstreet Germany Inflation Macroeconomics EconomicIndicator CPI
Lire la suite »
U.S. home prices fell in July, as mortgage rates approach 7%The CoreLogic Case-Shiller 20-city house price index rise slowed to 16.1% year-over-year in July, a lower rise than the previous month. A broader measure of home prices, the national index, fell a seasonally adjusted 0.2% in July from June.
Lire la suite »