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Three Illinois hospitals may lose tax-exempt status
The Illinois Department of Revenue announced Tuesday that three Illinois hospitals are in danger of losing their tax-exempt status. They are Northwestern Memorial's Prentice Women's Hospital in...
View ArticleActivists say property tax for hospitals sends message on accountability
A coalition of activist groups in Illinois say they support the state's decision to deny tax exemptions for three non-profit hospitals.The Illinois Department of Revenue ruled yesterday that...
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Quinn signs Chicago pension bill as Emanuel backs off property tax hike
Updated at 5:15 p.m.Illinois Gov. Pat Quinn signed a controversial overhaul of two Chicago pension systems into law on Monday, as Mayor Rahm Emanuel vowed he wouldn't raise property taxes for at least...
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Mayor Emanuel to ask for mega property tax hike
Mayor Rahm Emanuel has been in front of residents this week asking for ideas on how to balance the city budget. But the Mayor and his budget team may already be making some moves to bring in more cash....
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Progressive alderman blasts Emanuel property tax increase
Mayor Rahm Emanuel is giving an early peek at his 2016 budget and it includes a hefty property tax hike - and other measures to raise revenue - mostly in the name of paying down the city’s mounting...
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How Mayor’s possible property tax hike could affect homeowners
All the pressure will be on Chicago’s 50 aldermen when Mayor Rahm Emanuel formally introduces what could be the largest property tax increase in modern Chicago history as part of his budget plan....
View ArticleMorning Shift: September 9, 2015
First up, Crain's Chicago Business real estate reporter Dennis Rodkin tells us how a Chicago property tax hike would affect everyone from homeowners to renters.Then, Comedian Stephen Colbert started...
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Mayor Rahm Emanuel reveals budget
Mayor Rahm Emanuel presents his official budget to City Council today. He’s proposing a huge property tax hike and garbage collection fees, but they’re not official until we see them in the budget....
View ArticleMorning Shift: October 1, 2015
It's October 1, which means it's time to pull out the checkbook and write that rent check. And while you do that, consider this: Your rent could go up under Mayor Emanuel's proposed property tax...
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Emanuel, Rauner in war of words
Chicago Mayor Rahm Emanuel and Illinois Gov. Bruce Rauner are turning up their heated political rhetoric against one another.The two have been in a public war of words recently, as each politician...
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