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Posted On: 01/28/2021 10:26:17 PM
Post# of 124630
Chicago City Council approves Mayor Lori Lightfoot’s 2021 budget, $94 million property tax hike
Mayor Lori Lightfoot scored a relatively narrow but important victory Tuesday as the City Council adopted her $12.8 billion budget for 2021 that relies on a property tax hike and controversial debt refinancing to help close a massive deficit.
Aldermen voted 28-22 in support of Lightfoot’s $94 million property tax increase. The mayor’s full budget also passed 29-21.
Mayor Lori Lightfoot scored a relatively narrow but important victory Tuesday as the City Council adopted her $12.8 billion budget for 2021 that relies on a property tax hike and controversial debt refinancing to help close a massive deficit.
Aldermen voted 28-22 in support of Lightfoot’s $94 million property tax increase. The mayor’s full budget also passed 29-21.
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