Civic Federation: $588M property tax hike won’t be enough to shore up finances

The Civic Federation will get behind Mayor Rahm Emanuel’s bad-news $7.8 billion budget on Wednesday with a giant caveat: a $588 million property tax increase for police and fire pensions and school construction is “not enough to stabilize” Chicago’s shaky finances. Civic Federation President Laurence Msall sounded the alarm in a report prepared for delivery […]