Chicago City Council OK's nearly $6B budget
November 13, 2007
The Chicago City Council today approved Mayor Richard Daley's $5.9 billion budget, including an $86 million property tax increase, the largest during Daley's time in office.
Daley scaled back his proposed property tax increase from $108 million after protests from aldermen and angry taxpayers.
The council's 37-to-13 vote was a change from past budgets, when Daley's plan has passed overwhelmingly. The 2008 plan, effective Jan. 1, calls for $275 million in increased fees, fines and taxes.
For example, along with the higher property tax rate, the city has approved a higher tax rate - to 8 percent from 6 percent - for transactions such as DVD rentals and car leases, which officials say translates into $24 million for the city. A monthly surcharge for 911 calls will also double to $2.50, generating $48 million.
Increases in water and sewer rates will generate $64.7 million, with the average homeowner paying about $45 more a year.
The city will also raise fines on parking violations and the price of city stickers for large vehicles to $120 from $90, expected to raise $6.2 million.
At Tuesday's meeting, aldermen cut a proposed tax on bottled water to 5 cents a bottle from 10 cents a bottle.
Labels: Mayor Daley