Mayoral challenger Jesus “Chuy” Garcia on Monday proposed $10 million worth of “emergency property tax relief” to ease what he called the “cost of living and cost of housing crisis” squeezing middle- and working-class homeowners and small-business owners.
With one-time grants ranging from $250 to $500 to owners of homes and rental properties and a “Business Assessment Protection” program for owners of “mom and pop” storefronts and residential buildings, Garcia said he hopes to buy time to confront the “larger problem” putting inordinate pressure on local property taxes in Chicago: inadequate state funding for Chicago Public Schools.
