IN EXTREMIS
CITY OF CHICAGO *
REVENUE DRIED UP
(Received 2nd January, 1 p.m.)'
CHICAGO, Ist January. Chicago, which is already in difficulties owing to the refusal of.bankers to buy tax warrants and. to drainage of the Civic and School Board treasuries to give the employees half a month-'s pay for Christmas, and incidentally for teachers two weeks of the salary overdue to them for seven months'from the city, has now received from County. Judge Edmund Jareekl a New Tear's gift in the form of a test ca3e decision holding as invalid the Cook CountyAssessment rolls of 1928 and 1929. The city, therefore, is virtually penniless and is facing a receivership, bereft of tax income for months. I
Judge Jareekl has rendered uncollectible 140,000,000 dollars of taxes unpaid in the "taxpayers' strike" of 1930, and the taxes now due will probably not be paid owing to the Court's ruling.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19320102.2.179.7
Bibliographic details
Evening Post, Volume CXIII, Issue 1, 2 January 1932, Page 12
Word Count
148IN EXTREMIS Evening Post, Volume CXIII, Issue 1, 2 January 1932, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in