Business news with words approval+hike+tax. 2 news.

(Crain's) -- The city this year will collect more than a half-billion dollars in property taxes from little-understood but fast-growing tax-increment financing (TIF) districts -- six times as much as the controversial tax hike that won narrow approval Wednesday in the City Council. A report ...

Aldermen agree to $86 million increase despite vocal critics Brushing off a rare show of opposition, Mayor Richard Daley won easy City Council approval Tuesday of a spending and tax plan that will tap into the wallets of just about everyone who lives, works or plays in Chicago.