After consecutive post-pandemic years of not raising the city’s portion of property taxes, Park Ridge leaders are looking at such a hike for 2026 – along with several other local sales tax increases.
During a budget workshop meeting Monday, City Council members reviewed the city budget proposed for the 2026 fiscal year, including a plan to raise property taxes 2.5% and increase utility, food, beverage and home-rule sales taxes, according to the proposed $95 million spending plan.
The city’s fiscal year runs Jan. 1 to Dec. 31
Park Ridge city leaders say the increases are needed largely to keep pace with inflation and increased staffing costs, and in the face of a larger economic slowdown.
Most of the alderpersons seemed agreeable to the budget as proposed, and no major changes or object

Chicago Tribune

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