By: Fran Spielman

Source: Chicago Sun-Times

Chicago’s property tax levy will rise by $76.5 million in 2022, but Mayor Lori Lightfoot has focused on the fact that the City Council will not be required to take a “new vote” to raise property taxes.

On opening day of hearings on Lightfoot’s $16.7 billion budget, several aldermen weren’t buying the mayor’s argument.

Ald. Matt O’Shea (19th) said property owners are either already reeling from skyrocketing reassessments or bracing for that double-whammy.

Housing Committee Chairman Harry Osterman (48th) noted, “on top of that, we’re being reassessed… Regardless of where they’re at financially, it’s a tricky thing. People get priced out of their homes and they have to move.”

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