Chicago, IL – Today, Theresa E. Mintle, President and CEO of the Chicagoland Chamber of Commerce, testified at the City of Chicago’s public hearing on Mayor Emanuel’s proposed 2016 City budget.
“The Chicagoland Chamber and the business community stand ready to be a partner in securing our City’s future, but we will not and cannot accept a further shift of that responsibility on to the employers who create jobs and anchor our neighborhoods,” said Theresa E. Mintle, President & CEO of the Chicagoland Chamber of Commerce.
The Chamber recognizes the need to right the fiscal ship of the City after decades of neglect and mismanagement, but opposes any proposal—whether in Springfield or at the City Council—to double the residential homeowners’ exemption from $7,000 to $14,000.
Cook County’s archaic property tax classification system has kept property taxes artificially low for Chicago homeowners for decades, and residences will continue to enjoy some of the lowest property taxes in Cook County because of the unfair burden paid by employers. Employers already pay 2.5 times more than residences because of this classification system.
Click here to view Theresa E. Mintle’s full testimony.
About the Chicagoland Chamber of Commerce
The Chicagoland Chamber of Commerce combines the power of people with our legacy of leadership and business advocacy to drive a dynamic economy. We focus on delivering value for our members, making Chicagoland a world-class place to live and work. Visit ChicagolandChamber.org.