Tax Hike Sails Through
- After nearly a year of anxiety for close to a million riders, lawmakers on Thursday approved tax increases to stop looming service cuts and most fare hikes for Chicago's ailing mass transit system while providing free bus and train rides to senior citizens.
Transit leaders waved off Sunday's so-called doomsday even as they noted it will be up to two months before they figure out how to provide free rides on the CTA, Metra and Pace for people 65 and older.The measure solves public transit funding for now, with a price tag of $530 million. On April 1, the sales tax will increase by a quarter-cent per dollar in Cook County and twice that in the suburbs. And Chicagoans are expected to face higher taxes on home sales.
This tax hike on home sales still has to be approved by the City Council and it's looking at mild opposition. But we don't foresee any of the rubber stamp get riled up enough to actually block this thing. Once again, democrats stick it to the taxpayers.