Progressive Caucus outlines property tax rebate plan

Convinced that Mayor Rahm Emanuel’s plan to increase the homeowner exemption is going nowhere in Springfield, the City Council’s Progressive Caucus on Monday proposed a “back-stop” plan to soften the blow of a $500 million property tax increase for low-income homeowners. The fallback is similar to the widely-ignored, 2010 plan offered by then-Mayor Richard M. […]