Mayor Lori Lightfoot on Thursday scrapped plans for a $42.7 million pre-election property tax increase — half of what an automatic escalator would have allowed — but kept in place the inflationary trigger some City Council members are determined to repeal.
Lightfoot announced what she called the “good news for Chicago taxpayers” one day after the Chicago Sun-Times reported some of the mayor’s closest allies were urging her to find another way.
