Chicago Public Schools considers tax increase
Taxes Tuesday, July 5th, 2011
By Noreen S. Ahmed-Ullah, Chicago Tribune
Chicago Public Schools officials are looking to collect $100 million more in property taxes and seek further cuts at central office and in middle management positions as they try to bridge a gaping deficit.
The district will have its Board of Education consider whether to approve the maximum property tax increase allowed under state law, which would mean higher tax bills for residents, although estimated average increases still are undetermined.
“The big question about property taxes, that’s a decision that needs to be made by the board,” said Chief Administrative Officer Tim Cawley.
To read more, visit: http://www.chicagotribune.com/news/education/ct-met-cps-taxes-20110705,0,7043460.story
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