Login
  • facebook
  • twitter
  • sign up today!

Business and Finance

Finance committee votes “yea” for restructured garage parking tax

The City Council Committee on Finance signed off on a plan Monday that would replace the flat tax on garage and lot parking with a progressive tax system based on parking rates. The potential effects of the proposal on Chicago’s hospitality and garage industries remain in question, however.

The approved proposal would switch the city’s current tax for parking in a garage or a lot from a flat rate to a rate based on a percentage of the fee charged by the parking lot operator.

Vapiano to open in old Carson's building

Time Out Chicago acquired by Time Out Group

Caribou Coffee to pull out of Chicago market

CME Group plans to launch RINs contracts

United comes in last as airline ratings improve

Wrigley deal hits snag, talks continue

Big data gets visual and visionary with help from Lab42

Caterpillar laying off 460 workers, cites weakness in mining

Local employers warn of almost 1,400 job cuts

Pages