As you know IAR(Illinois Association of REALTORS) has been working hard the last several months in opposition to the real estate tax increase which has been part of the proposed bailout for mass transit. Both the House and Senate approved a long-term mass transit funding bill today. The Governor has vowed to support the bill while using his amendatory veto authority to make sure senior citizens can use public transportation for free.
The bill increases sales and real estate taxes in the Chicago area by more than $500 million for the Regional Transportation Authority, which includes CTA and the suburban PACE bus system.
Here are some links with more information.
http://www.chicagotribune.com/news/local/chi-legis_11_webjan11,1,1176332.story?track=rss&ctrack=1&cset=true
http://www.suntimes.com/news/metro/735936,ctaupdate011008.article
http://thecapitolfaxblog.com/2008/01/10/this-just-in-95/
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Members meet with Senator Murphy after Legislative Breakfast
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