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SBD/19/Law PoliticsPrint All
Chicago Mayor Richard Daley is looking at a possible increase in the city's amusement tax to raise nearly $20M in new tax and fee revenues. The 1/3 rise from 6% to 8% of the amusement tax would apply mostly to sporting events and would "raise nearly $5-$6M additional revenue annually." The money would offset tax breaks for business in the '95 budget and help pay for economic development and crime control. The amusement tax is "hidden in the price of entertainment events," and the proposed increases are expected to be included in the '95 city budget scheduled to be presented to the City Council this week (Steven Strahler, CRAIN'S CHICAGO BUSINESS, 10/16 issue).
Bucks Owner Herb Kohl, currently running for re-election to the Senate, is "far from hurting" politically for the team's failure to sign Glenn Robinson. In fact, he is receiving praise on the campaign trail for holding the line on Robinson's contract demand. Kohl: "Everywhere I go, people talk about it. $100 million! That number just blows everyone's mind." Robinson is reportedly seeking a 13-year $100M contract, while the Bucks' offer is closer to $60M. But Kohl, who leads in the polls, "denies there is any politics involved in his handling of the talks": "If they thought I was monkeying around with Robinson to influence the election, the people at the Bucks would kill me." But the MILWAUKEE JOURNAL's Craig Gilbert notes, "At the same time, it certainly isn't hurting (MILWAUKEE JOURNAL, 10/18).