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Typical Chicago family will see up to $180 property tax increase in new city budget

SEPTEMBER 27, 2021 | by Press Release | ILLINOIS POLICY INSTITUTE

See chart, text includes “Despite rising property tax bills, the city is not able to properly fund services Chicago residents want, need or expect. During the past decade, spending on pensions has increased 239%, while spending for city services has only increased 18%, the Institute found. Similarly, paying down debt has grown 27% and total city budget spending has grown 30%, when adjusted for inflation. In comparison, Chicago property tax bills have grown 90% since 2010 in real terms.”

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