Ride-Sharing, Dining Taxes Among Chicago’s Options to Close Shortfall

Hailing a car through a ride-sharing service and grabbing a meal at a restaurant could get more expensive in Chicago under tax proposals expected on Oct. 23 as part of Mayor Lori Lightfoot’s 2020 budget.

The Lightfoot administration previewed two plans to raise badly needed revenue through a new congestion tax on ride-hailing services such as Uber Technologies Inc. and Lyft Inc., and a doubling of the restaurant tax. But the two new taxes, which could raise up to $60 million annually, likely won’t be the only revenue raisers in the budget as the rookie mayor pursues multiple strategies to ...