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Posted On: 01/14/2022 8:32:20 PM
Post# of 124617
Inflation spike means higher property taxes for Chicago homeowners next year
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Under a budget rule passed under Mayor Lori Lightfoot in 2020, property taxes are tied to inflation. The federal cost of living numbers for December show a 7% increase in the national consumer price index from the previous year, according to federal Bureau of Labor Statistics figures released Wednesday.
L O L
Under a budget rule passed under Mayor Lori Lightfoot in 2020, property taxes are tied to inflation. The federal cost of living numbers for December show a 7% increase in the national consumer price index from the previous year, according to federal Bureau of Labor Statistics figures released Wednesday.
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