CHICAGO (WBBM NEWSRADIO) - On second thought, Mayor Lori Lightfoot said no increase in property taxes will be needed next year. Her political opponents are skeptical.
As late as last month, Mayor Lightfoot was saying that even though city law would have allowed an automatic 5% increase in property taxes, she was only going to propose raising them by 2.5% or $42 million. Now, in a statement issued while she’s on a trade mission to Mexico, the mayor said revenue has exceeded expectations and that no property tax increase will be needed. But, she made sure to point out that that’s for one-year only, since the city has pension obligations.
Mayor Lightfoot’s political opponents say her decision is because the election for mayor is next year.
Ald. Ray Lopez tweeted before the mayor decided to back-off the tax increase that the mayor is playing financial rope-a-dope in preparation for a mayoral election year.
Ald. Brian Hopkins told the Sun-Times that at least she’s starting to respond to complaints from the voters he represents who are overtaxed.
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