The increase will appear in the next property tax bill in November.
In addition to the tax hike, CPS plans to cut personnel to save $100 million.
CPS Board approves tax increase
August 27, 2009 (CHICAGO) The Chicago Public School Board approved a 1.5 percent increase in the schools portion of the property tax bill, amounting to an additional $18 a year in taxes for a home worth $262,000, the median price in the city.
