fees

2017 Tax Hits To Chicagoans

“Broken record” time.

“New/higher fees, fines, and taxes, and less government services.”

Regular readers of Survival And Prosperity (and older ones from my Boom2Bust days) know I’ve been warning about this for years now (since 2008?) concerning Chicago- as well as Cook County, Illinois, and lots of other places aroud the country.

And it’s pretty much what has transpired from what I’ve seen.

Particularly in the “Windy City”- where the hits keep on coming. Hal Dardick reported on the Chicago Tribune website this morning:

Chicago property owners hoping for a respite from rapidly rising taxes will be disappointed in 2017, when city government and Chicago Public Schools will continue digging deeper into their pocketbooks.

Two more major property tax increases are coming. So is a new tax on water and sewer service. And some city dwellers will face other rising costs: a fee for each store-provided disposable bag and slightly higher Park District fees.

Come mid-year, city and suburban residents will be paying a new sweetened beverage tax effective in all of Cook County, and another round of Metra fare hikes is coming soon. Here’s a look at what to expect…

(Editor’s note: Bold added for emphasis)

Dardick did a good job summarizing the dents Chicagoans (and Chicagoland residents) could expect to their finances in the new year. Head on over to the Tribune website here to get the entire story.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Thursday, December 29th, 2016 Education, Fiscal Policy, Government, Taxes, Transportation, Utilities Comments Off on 2017 Tax Hits To Chicagoans

Taxing Time For Chicagoans

The elections are over. So it’s time for “higher/new fees, fines, and taxes,” as I routinely point out in Survival And Prosperity.

Chicagoans found out yesterday what kind of impact City Hall’s latest “revenue enhancements” will have on their personal finances. Julian Crews, Dan Ponce, and Dana Rebik reported on the WGN-TV Chicago website Wednesday:

The Chicago City Council voted unanimously to pass Mayor Rahm Emanuel’s $8.2 billion 2017 budget Wednesday…

For taxpayers, the hardest pill to swallow in the budget may be a nearly 30 percent increase on water and sewer bills. The hike will be phased in over four years, and is expected to raise nearly $240 million to help shore up the municipal workers pension fund.

But the big impact to taxpayers will come in the form of a tiered increase in property taxes to fund police and fire pensions approved by the Council last year.

Other new fees include:

7-cent fee for all plastic AND paper bags to encourage people to bring reusable bags to the grocery store.
3.5 percent amusement tax for tickets to concerts, sporting events and musicals…

(Editor’s note: Bold added for emphasis)

Crews, Ponce, and Rebik also pointed out coming higher fees with parking rates downtown, around Wrigleyville, and at both Midway and O’Hare airports. More parking meters will be popping up in the Loop and in city neighborhoods as well.

Anyone who’s been paying attention might have observed a disturbing trend lately with Chicago’s fees/fines/hikes. John Byrne and Hal Dardick reported on the Chicago Tribune website this morning:

The average family will pay nearly $1,700 more a year to the city and Chicago Public Schools than they did before the mayor took office in 2011 once all of Emanuel’s tax and fee increases take full effect. There’s been a series of property tax hikes. There was a water and sewer rate increase, plus a new tax on top of that. Not to mention a new garbage hauling fee, 911 phone tax hike, vehicle sticker fee increase and a tax on cable television…

(Editor’s note: Bold added for emphasis)

“$1,700 more a year… than they did before the mayor office in 2011”

Ouch. Byrne and Dardick added:

Even with all of that, taxpayers may be asked for more money in the coming years. Emanuel’s plans for shoring up long-neglected city worker pension funds will require the city to come up with hundreds of millions of dollars more by the early to mid-2020s

(Editor’s note: Bold added for emphasis)

In the meantime, the reporters calculated the “typical” Chicago homeowner ($250,000 residence) can expect to see their tax bill rise another $400 in 2017.

As a former resident of Chicago, I can understand why people would want to live there. That being said, Chicagoans have been required to “pay to play.” And that trend might not be their friend if that Tribune analysis plays out.

For those choosing to remain in the “City By The Lake,” it might be wise for these individuals to take a good, hard look at their finances to figure out if they can keep residing there should the cost of living continue its upwards trajectory.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Crews, Julian, Ponce, Dan, and Rebik, Dana. “City Council unanimously passes $8.2 billion budget, including new taxes and fees.” WGN-TV Chicago. 16 Nov. 2016. (http://wgntv.com/2016/11/16/chicago-city-council-expected-to-pass-mayors-2017-budget-today/). 17 Nov. 2016.

Byrne, John and Dardick, Hal. “The tab on Emanuel’s series of tax hikes: $1,700 a year for the average family.” Chicago Tribune. 17 Nov. 2016. (http://www.chicagotribune.com/news/local/politics/ct-rahm-emanuel-chicago-city-council-budget-vote-met-1117-20161116-story.html). 17 Nov. 2016.

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Thursday, November 17th, 2016 Debt Crisis, Education, Entitlements, Essential Reading, Fiscal Policy, Government, Taxes Comments Off on Taxing Time For Chicagoans

Chicago Police Department Manpower Shortage Latest

“Chicago readers take note: The ‘thin blue line’ that exists in the Windy City will likely remain that way for the foreseeable future. Carry on accordingly.”

Survival And Prosperity, October 3, 2011

With the help of the popular Chicago police blog Second City Cop, I became aware several years ago of the manpower shortage going on in the Chicago Police Department.

Subsequently, I started blogging about the situation from time to time.

As shootings in the city march past 2,300 for the year, attention is being drawn to Chicago’s “cop shortage” again. Fran Spielman reported on the Chicago Sun-Times website on July 20:

After three shootings this week in a gang-ridden South Side ward that includes Englewood and Back of the Yards, Ald. Ray Lopez (15th) is demanding that Emanuel finally make good on his 2011 campaign promise to hire 1,000 additional police officers.

In the meantime, Lopez wants Chicago Police officers now working in pairs for their own safety to get reinforcements from the Illinois National Guard, the Illinois State Police, the Cook County Sheriff’s office or all of the above

(Editor’s note: Bold added for emphasis)

No DHS or other federal agencies?

On the subject of paying for more police, Alderman Lopez brought up taxes. Spielman added:

When Lopez was asked where he would find the money to hire 1,000 more police officers, he offered to raise property taxes- again.

That’s on top of the $588 million property tax increase approved last fall for police and fire pensions and school construction and the $250 million increase the Board of Education is about to approve for teacher pensions…

Remember what I’ve been saying for years now about new/higher fees, fines, and taxes for Chicagoans?

With news yesterday that the Fraternal Order of Police is urging its members to turn down all requests for “non-mandatory overtime” over the fast-approaching Labor Day weekend, Second City Cop blogged:

It is most certainly is a message to the administration- “Hire more cops!” seems to be what we’re reading. And that’s a perfectly appropriate message to be sending to the city- the Department is badly understaffed

(Editor’s note: Bold added for emphasis)

It will be interesting to see how this all plays out.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Spielman, Fran. “Shooting of 6-year-old girl revives demand for 1,000 more cops.” Chicago Sun-Times. 20 July 2016. (http://chicago.suntimes.com/news/shooting-of-six-year-old-resurrects-demands-for-1000-more-cops/). 26 July 2016.

SCC. “OT Boycott Gets Media Coverage.” Second City Cop. 26 July 2016. (http://secondcitycop.blogspot.com/2016/07/ot-boycott-gets-media-coverage.html). 26 July 2016.

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Tuesday, July 26th, 2016 Crime, Debt Crisis, Education, Employment, Entitlements, Government, Public Safety, Self-Defense, Taxes Comments Off on Chicago Police Department Manpower Shortage Latest

Illinois Comptroller: State’s Unpaid Bill Backlog To Exceed $10 Billion By Year End

I’ve been following the State of Illinois’ unpaid bill backlog for some time now, and what State Comptroller Leslie Geissler Munger shared yesterday should be of serious concern to Illinoisans. From her website:

CHICAGO- Comptroller Leslie Geissler Munger on Thursday said the state’s bill backlog will grow throughout the fall and Illinois will enter the New Year with approximately $10 billion in unpaid invoices, resulting in payment delays of at least six months.

The announcement follows last month’s passage of a stopgap budget, which authorized payments that were being delayed due to the state’s year-long budget impasse.

“While the stopgap is a positive step forward, it does not address our larger fiscal challenges. When we look at the numbers we are facing, the realities are sobering,” said Munger, noting the state is on pace to spend $2.5 billion more than it takes in the next six months. “Those severe cash shortages mean my office will continue to perform triage to help those most in need and protect our most critical services.”

“The realities are sobering”

Indeed.

And I’m certain they will eventually result in- wait for it- higher/new fees, fines, and taxes in conjunction with reduced government services for Illinois residents.

There’s the real possibility of a big tax increase coming soon for Illinoisans. Consider the following from investment specialist and Illinois State Representative David McSweeney (R-Barrington Hills) on the website of the non-partisan, independent Reboot Illinois project on July 11:

The recent passage of a six-month unbalanced spending measure will worsen Illinois’ financial problems and likely lead to a massive tax increase.

The approval of a stopgap measure is nothing more than a continuation of the status quo that has made Illinois insolvent. The stopgap bill is a spending plan, not a real balanced budget. Consider this: About 91 percent of state government spending was on autopilot during the budget stalemate. The state has been spending money at levels that are higher than authorized during Gov. Pat Quinn’s administration. Spending continues to be out of control

With the adoption of the stopgap measure, we are ensuring the state’s financial problems will not be addressed anytime soon. Ultimately, we are guaranteeing that the state’s financial health will get much worse, which will make it easier for a tax increase to build momentum in Springfield

(Editor’s note: Bold added for emphasis)

You can read that entire news release from the Illinois Comptroller on her website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

McSweeney, David. “Stopgap Budget Will Likely Result In A Massive Tax Hike.” RebootIllinois.com. 11 July 2016. (http://www.rebootillinois.com/2016/07/11/editors-picks/dmcsweeney/stopgap-budget-will-likely-result-in-a-massive-tax-hike/61341/). 15 July 2016.

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Friday, July 15th, 2016 Debt Crisis, Fiscal Policy, Government, Spending, Taxes Comments Off on Illinois Comptroller: State’s Unpaid Bill Backlog To Exceed $10 Billion By Year End

Signs Of The Time, Part 108

After blogging back on June 21 about the next round of property tax bills due to hit Cook County, Illinois, residents’ mailboxes in the coming days, I told my girlfriend to pay attention to the local mainstream news outlets as there would be no shortage of pissed-off Chicago homeowners (their hit an average 13 percent higher than last year) airing their grievances.

Sure enough, I was watching Chicago ABC affiliate Channel 7 Tuesday when the following segment appeared near the top of the evening news broadcast:


“Cook County Property Tax Bills Cause Outrage”
ABC Chicago Video

“Higher/new fees, fines, and taxes in conjunction with reduced government services going forward”

Truly a sign of the times for Chicagoans… and an increasing number of other Americans.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Wednesday, July 6th, 2016 Debt Crisis, Entitlements, Fiscal Policy, Government, Housing, Signs Of The Time, Taxes Comments Off on Signs Of The Time, Part 108

Cook County, Illinois, Faces $174 Million Shortfall

From the Cook County, Illinois, website (under “News) last Thursday:

Cook County Board President Toni Preckwinkle today released the preliminary forecast for the County’s Fiscal Year 2017 budget, signaling that difficult financial choices are on the horizon as the County develops its budget over the next several months.

Preckwinkle announced a projected operating shortfall for FY2017 of $174.3 million…

(Editor’s note: Bold added for emphasis)

Hal Dardick reported on the Chicago Tribune website on June 30:

A year after reversing course and reinstating a hefty sales tax increase that helped spell the political demise of her predecessor, Cook County Board President Toni Preckwinkle on Thursday warned of more potential tax hikes to come.

Without cuts or additional taxes, fines and fees — or some combination of those options — the county expects to fall more than $174 million short of what would be needed to pay the bills in the budget year that starts Dec. 1.

Closing the gap “will not be easy, but residents will be assured that we will do so by making tough decisions required,” Preckwinkle said while presenting her preliminary budget in an annual ritual that invariably includes significant shortfall projections.

The county will focus on cutting costs, but “everything is on the table,” including tax increases and layoffs, Preckwinkle said

(Editor’s note: Bold added for emphasis)

Dardick noted that the Cook County Board President ruled out hiking property taxes this time around.

Like I’ve been warning for a number of years now- Chicagoans, Cook County residents and Illinoisans should expect higher/new fees, fines, and taxes in conjunction with reduced government services going forward.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Dardick, Hal. “Preckwinkle: Tax hike, budget cuts on table as county faces $174M shortfall.” Chicago Tribune. 30 June 2016. (http://www.chicagotribune.com/news/local/politics/ct-cook-county-budget-shortfall-met-0631-20160630-story.html). 5 July 2016.

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Tuesday, July 5th, 2016 Debt Crisis, Deficits, Fiscal Policy, Government, Taxes Comments Off on Cook County, Illinois, Faces $174 Million Shortfall

More Financial Pain For Many Chicago Homeowners In The Coming Days

When it comes to keeping on top of the latest financial developments coming out Chicago, I’ve been out of the loop lately (no pun intended).

As if that really mattered. Like I’ve been saying for some time now- the writing is on the wall for the “Windy City” concerning its finances.

I’ve also pointed out time and time again Chicagoans should expect higher/new fees, fines, and taxes (in conjunction with less government services) going forward.

Case in point- the next round of property tax bills. Hal Dardick reported on the Chicago Tribune website last week:

Chicago homeowners should brace themselves for sticker shock when they open their mailbox at the end of the month: property tax bills on average 13 percent higher than last year.

The big increase is mostly being driven by the record tax increase Mayor Rahm Emanuel engineered last fall to fix city pension funds for police officers and firefighters.

Cook County Clerk David Orr released tax rate figures Monday, revealing the practical effects of City Hall’s painful decision. The owner of a single-family home with the current average sale price of about $225,000 can expect to see a property tax bill of $3,633, an increase of about $413

(Editor’s note: Bold added for emphasis)

Compare this to an overall 9.3 percent citywide increase over the last three years, according to Dardick.

And just this morning one local TV news broadcast reported that the Chicago Teachers Union is demanding Mayor Emanuel raise taxes even more for school funding.

I think it’s pretty safe to say that more financial pain is heading Chicagoans’ way.

As for the rest of Cook County, the Tribune piece noted:

By comparison, homeowners in suburban Cook County typically can expect more modest increases, averaging 2 percent, although they already are paying substantially more than their city counterparts, according to Orr’s data…

Last I checked County finances weren’t too pretty either, so these suburban homeowners may very well be in the same boat as their city counterparts down the road.

For more information, check out Dardick’s entire article here on the Tribune website.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Tuesday, June 21st, 2016 Debt Crisis, Education, Government, Housing, Main Street, Taxes Comments Off on More Financial Pain For Many Chicago Homeowners In The Coming Days

Chicago Mayor Rahm Emanuel Proposes $712 Million In Tax And Fee Hikes

Chicago’s long-dreaded “financial reckoning day” officially arrived on Tuesday.

Mayor Rahm Emanuel unveiled his $7.8 billion budget for 2016 before the Chicago City Council, which was higher than originally expected concerning the property tax hike and overall spending plan. Fran Spielman reported on the Chicago Sun-Times website Tuesday morning:

To confront the pension crisis and eliminate the structural deficit he inherited, Emanuel’s $712 million package of tax and fee hikes includes: a four-year $588 million property tax increase for police and fire pensions and school construction; a $9.50-a-month garbage collection fee; $13 million in higher fees for building permits; a $1 million tax on e-cigarettes and $48 million in fees and surcharges on taxicabs and ride-sharing services that have siphoned business away from them.

The phased-in property tax increase would be the largest in Chicago history…

(Editor’s note: Bold added for emphasis)

Oh, but there’s more. Spielman added:

The mayor also warned that he’s not done raising property taxes. He reaffirmed his support for a $170 million property tax increase for teacher pensions provided teachers accept the equivalent of a 7 percent pay cut and the state agrees to pick up “normal” pension costs…

(Editor’s note: Bold added for emphasis)

Personally, I think there’s a really good possibility new and higher fees, fines, and taxes are still on their way as the city’s financial health continues to deteriorate.

After all, based on historic economic cycles, a recession probably isn’t that far off.

I’ve blogged about the arrival of Chicago’s “financial reckoning day” for a couple of years now.

I’m sure more than a few Chicagoans thought I was a loon for doing so.

Personally I don’t give a crap about that. My goal in issuing those warnings was to wake my now-former neighbors up to the tough financial times that could be headed their way.

It is my hope those alerts didn’t fall entirely on deaf ears.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Spielman, Fran. “Rahm pitches tax hike: ‘Now is the time. This is the Council.’” Chicago Sun-Times. 22 Sep. 2015. (http://chicago.suntimes.com/news/7/71/979752/mayor-emanuel-makes-budget-pitch-city-council). 22 Sep. 2015.

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Wednesday, September 23rd, 2015 Debt Crisis, Education, Entitlements, Fiscal Policy, Government, Preparedness, Recession, Taxes Comments Off on Chicago Mayor Rahm Emanuel Proposes $712 Million In Tax And Fee Hikes

Analysts: Massive Chicago Property Tax Hike Just The Beginning

“And if Chicagoans think this major tax increase is some sort of one-off, well, I know of a certain bridge for sale out east.”

Survival And Prosperity, September 3, 2015

Chicago readers of this blog have been warned the last couple of years that the City of Chicago’s poor financial health means a sustained hunt for much more revenue (new and higher fees/fines/taxes) for the foreseeable future.

And Tuesday, this grim-yet-likely scenario was the focus of a City Club of Chicago luncheon.

Fran Spielman reported on the Chicago Sun-Times website yesterday afternoon:

A $500 million property tax increase will not be enough to solve Chicago’s $30 billion pension crisis or rid the city of the junk bond rating that has saddled the taxpayers with tens of millions in penalties and borrowing costs, analysts concluded Tuesday.

Civic Federation President Laurence Msall and Matt Fabian, a partner at Municipal Market Analytics, offered the grim assessment during a lively panel discussion on city finances before a packed house at a City Club of Chicago luncheon…

Fabian’s conclusion was that, as tough as it will be for homeowners and their aldermen to swallow a $500 million property tax increase, Mayor Rahm Emanuel and the City Council need to bite the bullet even harder

Msall agreed that a $500 million increase that would be Chicago’s “largest in modern history” is “not the full answer and it’s not going to be enough because we’ve dug the hole so deeply” by underfunding pensions and granting benefits that taxpayers cannot afford.

“We are going to have raise taxes very significantly just to pay the interest on the debt we have built up and it’s not going to be enough to save the city of Chicago,” he said…

(Editor’s note: Bold added for emphasis)

Still interested in that bridge?

Head on over to the Chicago Sun-Times website here to read- no, digest- what looks to be in store for the “Windy City” in the coming years.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Wednesday, September 9th, 2015 Bonds, Credit, Debt Crisis, Entitlements, Fiscal Policy, Government, Taxes Comments Off on Analysts: Massive Chicago Property Tax Hike Just The Beginning

Chicago’s Financial Reckoning Day Has Arrived

Chicago readers of Survival And Prosperity were warned that the City of Chicago’s poor financial health would result in a sustained hunt for much more revenue (new and higher fees/fines/taxes) for the foreseeable future.

The warnings were constant, and issued over the last couple of years.

So the following headlines on the websites of the two major local papers should not have come as a surprise to the courageous Chicagoans who’ve continued to read this blog on a regular basis despite the steady barrage of depressing news coming out of the “Windy City” lately.

“Emanuel to seek $500 million property tax hike”
Chicago Sun-Times website, September 2, 2015

“Emanuel set to call for largest property tax hike in modern Chicago history”
Chicago Tribune website, September 3, 2015

By the looks of things, Chicago’s financial reckoning day has arrived.

Time to pay the taxman.

Hal Dardick and Bill Ruthhart reported on the Tribune website this morning:

Mayor Rahm Emanuel is set to call for the largest property tax increase in modern Chicago history to raise enough money to make a major pension payment for police and firefighters next year, the mayor’s City Council floor leader and a City Hall source told the Chicago Tribune late Wednesday.

The mayor also plans to push a new garbage collection tax, a new per-ride fee on taxis and ride-hailing services such as Uber and a new tax on electronic cigarettes and smokeless tobacco products…

(Editor’s note: Bold added for emphasis)

The Chicago Sun-Times’ Fran Spielman broke all this down brilliantly last night. The City Hall Reporter wrote:

Sources said the 2016 budget that Emanuel will present to the City Council on Sept. 22 will include a $450 million property tax increase for police and fire pensions the mayor once hoped to shore up with revenues from an elusive Chicago casino.

In addition, Emanuel will ask aldermen to adopt a separate levy of $50 million to bankroll school construction and pay off old projects…

Emanuel has offered to raise property taxes by an additional $170 million for the schools, but only if teachers accept the equivalent of a 7 percent pay cut and the state reimburses CPS for “normal” pension costs…

Together, the increases for both the city and CPS have the potential to raise the annual property tax bill for the owner of a home valued at $250,000 by nearly $700.

(Editor’s note: Bold added for emphasis)

“Home valued at $250,000 by nearly $700.”

Holy crap. That’s some pretty serious coin.


PSA from Alderman Al Czervik, Chicago City Council
YouTube Video

Keep in mind this hit to Chicago property owners doesn’t account for that other recent property tax hike I wrote about on August 27:

There are so many new and increased fees, fines, and taxes being proposed and implemented around the Chicagoland area these days, it’s hard to keep track of all of them. But here’s one Chicago tax hike that’s just been approved that’s making local headlines. Juan Perez, Jr., reported on the Chicago Tribune website last night:

Mayor Rahm Emanuel’s school board on Wednesday unanimously approved a budget that relies heavily on borrowed money and the hope of a nearly $500 million bailout from a stalemated Springfield, with the specter of disruptive cuts in January if that help fails to materialize.

The $5.7 billion spending plan contains another property tax hike — an estimated $19-a-year increase for the owner of a $250,000 home — as well as teacher and staff layoffs. The Chicago Board of Education also prepared to go to Wall Street to issue $1 billion in bonds and agreed to spend $475,000 so an accounting firm can monitor a cash flow problem so acute that Chicago Public Schools mulled skipping a massive teacher pension payment at the end of June…

(Editor’s note: Bold added for emphasis)

So there it is. And if Chicagoans think this major tax increase is some sort of one-off, well, I know of a certain bridge for sale out east. Like I’ve been warning all along, emphasizing it as recent as August 21:

New/higher fees, fines, and taxes, coupled with reduced government services

I also added in that post:

Chicago readers of this blog- what are you planning to do about the crisis? Or, what are you already doing? Maybe you don’t think a crisis exists? Please share your thoughts or experiences in the “Comments” section of this post, as I’d really like to talk more about this going forward.

Not much of a response was received (save for Mihail- thanks buddy). Anyone care to chime in now? Vent a little perhaps? Keep it civil, of course.

One more thing. With the cat out of the bag concerning the property tax hike and renewed attention on Chicago’s fiscal issues, I wonder what the impact will be on Chicago’s housing market (which had some positive momentum) going forward?

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Dardick, Hal and Ruthhart, Bill. “Emanuel set to call for largest property tax hike in modern Chicago history.” Chicago Tribune. 3 Sep. 2015. (http://www.chicagotribune.com/news/local/politics/ct-rahm-emanuel-property-tax-hike-met-0903-20150902-story.html). 3 Sep. 2015.

Spielman, Fran. “Emanuel to seek $500 million property tax hike.” Chicago Sun-Times. 2 Sep. 2015. (http://chicago.suntimes.com/news/7/71/928338/emanuel-seek-500-million-property-tax-hike). 3 Sep. 2015.

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Thursday, September 3rd, 2015 Debt Crisis, Education, Entitlements, Fiscal Policy, Government, Housing, Public Safety, Taxes, Transportation Comments Off on Chicago’s Financial Reckoning Day Has Arrived
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  • Next Degussa Numis Day To Take Place May 4, 5
    Degussa, a leading international player in the precious metals world which also offers safe deposit boxes (for customers) at branches in Germany, Singapore, Spain, and Switzerland, has just posted information about their next Numis Day (first blogged about here) at their Geneva and Zurich showrooms. From their website: The Next Numis Day We appreciate and […]