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CHICAGO FANS MAY FIND NOTHING AMUSING ABOUT THIS TAX
Published October 19, 1994
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).