IL Democrats Advance Emanuel Plan Shielding Homeowners From Property Tax Increase

Oct 21, 2015

Credit cityofchicago.org

Illinois Democrats are advancing Chicago Mayor Rahm Emanuel’s plan to shield some homeowners from an increase in property taxes in his budget. That’s over the objections of Republicans and some business groups.

Emanuel wants state lawmakers to allow for a tax exemption for homes worth less than 250-thousand dollars.

Michael Mini is with the Chicagoland Apartment Association. The group represents buildings with rental units.

“We oppose providing tax relief for one segment of taxpayers at the expense of others,” Mini said.

Democrats say the exemption proposal affects those who can most afford it.