by Todd Feurer, CBS Chicago web producer CHICAGO (CBS) — For Chicago taxpayers, the highlight of Mayor Lori Lightfoot's 2020 budget plan undoubtedly was that she doesn't plan a major property tax increase to eliminate an $838 million budget deficit — at least, if state lawmakers give her the help she needs — but the $11.65 billion spending plan contains a lot more that will affect the lives of the average Chicagoan. READ MORE: Chicago Weather: Overnight Storm Threat From increased parking meter fees downtown to higher congestion taxes on rideshare services to a modest property tax increase to pay for opening libraries on Sundays, here are just some of the ways the mayor's budget would impact Chicago residents. MINIMUM WAGE HIKE: Lightfoot said she will push to increase the minimum wage in Chicago to $15 per hour by 2021, four years earlier than it would reach that rate otherwise under state law. "Our working families can't wait until 2025 to earn enough to live on," Lightfoot said. The current minimum wage in Chicago is $13 per hour. CHICAGO PUBLIC LIBRARIES: While she's not seeking a major property tax hike to cut the deficit, the mayor is proposing an $18 million… Read full this story
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Minimum Wage Hike, Changes To Water Bills, Higher Parking Meter Fees; What Else Is In The 2020 City Budget? have 310 words, post on chicago.cbslocal.com at October 23, 2019. This is cached page on Search. If you want remove this page, please contact us.