November 14, 2017
Chicago is bracing for another round of tax hikes.
This as the city’s public finances are in disarray after 86 years of Democrat rule.
Chicago’s Mayor Rahm Emanuel has proposed raising taxes on Uber rides, phone bills, and concert tickets for next year’s city budget.
Charity events would be exempt for the additional tax, but organizations will have to prove at least 10 percent of revenue is going to a specific cause.
Chicago’s Finance Committee approved the tax hikes ahead of the City Council budget review next week.
Under the new proposal, Chicago’s amusement tax will go up from five percent to as high as 10.5 percent.
The City Council is expected to approve the hike in and effort to fix Chicago’s failing pension system.