Chicago CFO Expects Property Tax Hike in Next Budget Package

Chicago’s Chief Financial Officer Jill Jaworski said the city will likely seek to raise property taxes to address next year’s budget deficit.

“It is likely that that will be part of the package,” Jaworski said in an interview at Bloomberg’s New Voices event in Chicago on Tuesday. “We haven’t rolled out the full package yet, but the package is going to include cuts, and it is going to include proposals for increasing our revenues.”