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Chicago

Where is Rahm Emanuel Collecting $50 Million More than Expected in Chicago Taxes?


(Chicago, IL) – February 20, 2012. Mayor Rahm Emanuel today announced the release of the first-ever City of Chicago quarterly budget report, noting that city tax collection is running about $50 million higher than originally estimated.

“For the first time ever, the City is providing the public with regular progress reports on where the City stands financially to ensure a more open and honest budgeting process,” said Emanuel.

Each quarterly report will detail progress made during that quarter on the major initiatives introduced as a part of the 2012 budget.

According to today’s report, the extra $50 million is due to increases in hotel, sales and commercial real estate taxes, among others.

The quarterly report will be available online at www.cityofchicago.org.

About David Ormsby

David, a public relations consultant and Huffington Post blogger, is an ex-Press Secretary of the Illinois Democratic Party.

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