Chicago homeowners will see a property tax increase for the public schools this fall.
Estimating it would raise about $140 million, the new President of the Board of Education David Vitale said schools need the money desperately, despite the Board's recent decision to cancel a pay raise for union workers . That would save about $100 million.
“The school system does have a capability of increasing taxes up to the rate of inflation,” Vitale said. “In fact, the prior school board passed a resolution that would, in fact, put that in place.”
Vitale also indicated the board may have to eliminate some popular school programs, in order to avoid increasing class size.