Lightfoot will forgo election-year property tax increase that’s tied to inflation
Chicago Mayor Lori Lightfoot won’t try to raise property taxes next year, after all.
Mayor Lori Lightfoot, shown at a July City Council meeting, ultimately needs to convince 26 aldermen to support her 2023 budget before the end of the year. Ultimately, Lightfoot has to convince 26 aldermen to support her 2023 budget before the end of this year. And it’s a tried-and-true mayoral tactic to dangle some unpopular budget idea, thenCutting bait on the 2023 edition of her signature measure of tying property tax to inflation would also spare her the political headache of making the case for it against mayoral opponents as she runs for reelection.
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