Mayor Daley lashed out at Chicago aldermen on Tuesday for sending back his proposal to give Chicagoans cash payouts to help ease the hit of increased property tax bills. The mayor's plan would use $35 million of the proceeds from the controversial parking meter lease to give an average of $150 to homeowners. The city council's Finance Committee sent the bill back to City Hall, asking that the mayor revise the scope of his plan, as it currently would extend to homeowners earning $200,000 a year. more ›

Is the City Council growing a spine? That may be the case, as the Finance Committee sent Mayor Daley's plan for property tax relief back to City Hall Monday for revisions. Facing a steep increase in property taxes this year, Mayor Daley (who claimed not to understand how property tax assessments work) has proposed a tax-relief plan - to the tune of $35 million - for homeowners that see their tax bills rise. According to the Tribune, Daley's plan breaks down like this: more ›