Thursday, September 03, 2015

Emanuel to seek $500 million property tax hike. Rahm to Seek $1 Tax on Uber Users.

The Chicago Sun-Times reports:
Mayor Rahm Emanuel is poised to raise property taxes by $500 million for police and fire pensions and school construction and impose a garbage-collection fee to generate $100 million more, City Hall sources said Wednesday.

The $500 million property tax increase will cost the owner of a home valued at $250,000 roughly $500 more each year. The garbage fee — widely viewed as a back-door property-tax hike — will be a monthly assessment of roughly $11 to $12 per household.

The mayor’s 2016 budget also will include a tax on e-cigarettes and other smokeless tobacco products — roughly equivalent to the $7.17 tax slapped on a pack of cigarettes purchased in Chicago — and a $1 a ride surcharge on Uber and other ride-hailing services.

Sources said the surcharge will be part of a broader package of reforms to level a playing field that has allowed ride-hailing companies to siphon business from taxicabs.

A penny-an-ounce “fat tax” on sugary soft drinks aimed at curbing obesity might also make its way onto the smorgasbord of tax and fee hikes served up by the mayor, depending on the outcome of a public hearing spearheaded by the tax’s champion: Ald. George Cardenas (12th), chairman of the City Council Committee on Health and Environmental Protection.
Rahm wants to tax people who make less than $200,000 a year.