{"id":1507630,"date":"2024-12-12T21:20:00","date_gmt":"2024-12-13T02:20:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1507630"},"modified":"2024-12-12T21:20:00","modified_gmt":"2024-12-13T02:20:00","slug":"chicago-mayor-proposes-11-tax-and-fee-hikes-as-part-of-2025-budget","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/chicago-mayor-proposes-11-tax-and-fee-hikes-as-part-of-2025-budget\/1507630\/","title":{"rendered":"Chicago Mayor Proposes 11 Tax- And Fee-Hikes As Part Of 2025 Budget"},"content":{"rendered":"

Chicago Mayor Proposes 11 Tax- And Fee-Hikes As Part Of 2025 Budget<\/span><\/p>\n

\n

By Dylan Sharkey of Illinois Policy<\/a><\/em><\/p>\n

Chicago is on the verge of adding $233.9 million<\/a> in new tax hikes as part of the city\u2019s $17.3 billion budget for 2025, if aldermen pass Mayor Brandon Johnson\u2019s proposals.<\/p>\n

<\/a><\/p>\n

Johnson\u2019s tax increases<\/a> include hikes in property taxes, personal property leases, the city shopping bag tax and the tax on streaming services. Hikes are hitting vehicles with more speed cameras, parking taxes and rideshare fees.<\/p>\n

<\/a><\/p>\n

These have already passed the City Council Finance Committee<\/a>, meaning it could pass the full council by the end of the week. The bulk of the tax hikes<\/a> will come from:<\/p>\n

$68.5 million<\/strong>: Property tax hike, down from Johnson\u2019s original $300 million<\/a> ask which was met with a unanimous \u201cno\u201d vote by the city council.
\n\t$128.1 million<\/strong>: Hiking personal property lease tax, including on cloud computing, to 11% from 9%.
\n\t$12.9 million<\/strong>: Increasing the amusement tax on streaming and tickets to live events<\/a> to 10.25% from 9%.
\n\t$11.4 million<\/strong>: Increase number of speed cameras<\/a> in the city.
\n\t$5.1 million<\/strong>: Raising paper and plastic, single-use shopping bag tax<\/a> by 3 cents to 10 cents total.
\n\t$7.9 million<\/strong>: Other fees and taxes, including on parking and rideshares.<\/p>\n

Find your city council member<\/a> and tell them Chicago taxes are already too high. The new budget is due by the end of the year<\/a>, so they could vote on the hikes in a matter of days.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nThu, 12\/12\/2024 – 16:20<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/economics\/chicago-mayor-proposes-11-tax-and-fee-hikes-part-2025-budget<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Chicago Mayor Proposes 11 Tax- And Fee-Hikes As Part Of 2025 Budget By Dylan Sharkey of Illinois Policy Chicago is on the verge of adding…<\/p>\n","protected":false},"author":0,"featured_media":1507631,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1507630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1507630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1507630"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1507630\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1507631"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1507630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1507630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1507630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}