Based on the county's appraisal, the CTU would owe approximately $1 million in property taxes. This development comes as the CTU is demanding $1 billion in additional state funding.
The Chicago Teachers Union Foundation is seeking to significantly reduce the property tax bill for its West Loop headquarters, according to documents from the Cook County Assessor's Office obtained by FOX 32 Chicago .The Assessor recently reappraised the value of the CTU ’s building, estimating its fair market value at $19 million. However, the CTU is appealing this assessment and has hired a private appraiser who argues that the building's value should be reduced by more than half, to $9.
This development comes as the CTU is demanding $1 billion in additional state funding amidst ongoing negotiations with Chicago Public Schools over a new labor contract. Governor J.B. Pritzker has repeatedly declined the union’s request, reiterating on Monday that the state cannot fulfill this demand."I know that there are people who would like more; I’m one of them," Pritzker said. "Let’s go do that, but that’s not something that can happen immediately during their negotiation.
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