The Spin: City Council approves renaming Lake Shore Drive for DuSable | Will Pritzker sign legislation that could trigger regular property tax hikes? | Preckwinkle administration wants more authority over COVID-19 relief funds
Good afternoon on this soggy Friday. We’re talking money and politics, among other things, today.
The talker this afternoon is about legislation headed to Gov. J.B. Pritzker’s desk that could trigger annual real estate tax increases across
He shines a light on a complicated matter that reveals the power of the education lobby in
Meanwhile, three
The agreement has been lucrative for CPM’s investors. They’ve reportedly recouped their
Also, a bit of a power struggle seems to be unfolding between
And
Welcome to The Spin.
LSD officially renamed
The Tribune’s
The vote was 33-15: The “no” votes came from 12 white and three Latino aldermen.
While the ordinance calls for the renaming to happen immediately, it’s not clear how long it will for signs with the new name to go up on the iconic lakefront highway. More here.
Mayor
Also at today’s
Other news
Channick writes: “The lawsuit, filed on behalf of
The suit also alleges the deal violates the Illinois Consumer Fraud Act. It is seeking a reimbursement of legal fees, undisclosed monetary damages and other relief.
The city isn’t named as a defendant, but isn’t commenting. Mayor Lightfoot has complained about the deal and her successor Mayor
Likewise
Bill headed to Pritkzer’s desk could trigger annual property tax assessments
“Under the measure, starting with next year’s property tax bills, a taxing district levy shall be increased to reflect refunds through rulings of the Property Tax Appeals Board, a court-ordered assessment correction or a certificate of error. Because such appeals can often take years, and due to annual assessment errors, the recapture provision means likely annual future increases in property tax bills regardless of current limits in state law.
“The legislation points to the power of the education lobby in
“Property taxes for schools traditionally make up the biggest line item on real estate tax bills and proponents of the legislation came largely from the education community.
“Pritzker has not stated a position on the bill.” More here.
‘Senior freeze’ tax program aimed at helping residents 65 and older on fixed incomes full of errors, lax oversight in
“In Cook County, though, officials admit the program is riddled with errors,” Fitzpatrick and Novak write. “And oversight is so lax that they don’t even try to verify that applicants meet the household income threshold of no more than
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Preckwinkle power play?
Preckwinkle’s proposed legislation would give her budget director latitude to move any American Rescue Plan Act funds under
At issue? Some of the language in the legislation: Democratic commissioners
Preckwinkle agreed to delay a vote on the legislation, which is headed to the
While Suffredin is optimistic the legislation will be tweaked, Yin writes that Republican Commissioner
For now, the legislation is headed to the
Preckwinkle facing labor woes as about 2,000
Former state Treasurer
Yesterday, he announced the
Other
Giannoulias previously received labor endorsements from two locals of the
Just how much these endorsements translate into votes remains to be seen, but deep pocketed unions can donate money that can help candidates blanket the airwaves to get their message out.
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Twitter @byldonovan
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