Press Detail

Evening News Update

Posted on March 25, 2007

Chicago Public Radio

In this leading evening news segment, Civic Federation President Laurence Msall recounts the conclusions of the Federation's analysis of the 7% property tax exemption. He notes that if the "7% cap" is allowed to expire, median property taxes would increase by 43% for Chicago homeowners, while businesses would still see a property tax cut in most of Cook County if the measure is extended with the current maximum exemption of $20,000.