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Mayor's Office

Mayor proposes closing tax loophole benefitting property investors

Mayor Rahm Emanuel proposed an ordinance at Wednesday’s City Council meeting that closes a property tax loophole, a move he says could save the city about $2 million in tax revenue over the next two years.

The measure amends the city’s Real Property Transfer Tax ordinance to clarify that only lenders such as banks or credit unions – not investors – that are selling or transferring properties foreclosed upon are exempt from paying a property transfer tax.

Mayor Rahm Emanuel discusses gun violence prevention

Mayor says he’s ‘100 percent hand-in-glove’ with schools chief’s views on closing schools

Mayor: Public Building Commission will handle CPS construction projects

Wrigley Field renovation talks continue at City Hall

Great Chicago Fire Festival to ignite on river

Mayor says he’s ‘not worried’ about Rosemont’s offer to bring Cubs to suburbs

Chicago Riverwalk project seems a go

The federal government will give the city of Chicago a $100 million loan to extend the Chicago Riverwalk six blocks, a project that will connect the lakefront with downtown. 

“I want to make the Chicago River the next recreational frontier for the city of Chicago,” said Mayor Rahm Emanuel at a press conference. Emanuel claimed that the project would generate 400 jobs, and catalyze small businesses from riverside restaurants to kayak retail shops.

First lady to join mayor to help raise awareness for youth programs

Emanuel: Time to move forward with school closings plan