CHICAGO, Jan. 18, 2011 /PRNewswire-USNewswire/ -- Today, Alderman Bernard L. "Berny" Stone said he vows to vehemently fight any attempt to raise property taxes for Chicago homeowners – or any other taxation – when he is re-elected. Stone, who is one the city's longest serving city council members, represents the city's 50th Ward, which includes the West Rogers Park, West Ridge and Peterson Park neighborhoods on Chicago's far North Side.
"Taxes in Illinois and throughout Cook County are among the highest in the nation, and taxpayers simply cannot afford any more increases, especially in this economy," Stone said. "I strongly opposed the recently passed income and corporate tax hikes passed by state legislators, which will drive businesses and jobs out of Illinois," he said.
Stone said he fears that more tax hikes increase the burdens on local taxpayers.
"The city needs to cut wasteful spending wherever possible, as well as do an exhaustive inventory of all its assets so that we can really balance our budget. I've been calling for such an inventory for years and will work with the new administration to actually make it happen," Stone added.
The Alderman, who is among the City's Council's leading experts on budgeting and fiscal matters, is seeking re-election to his 11th term. Stone is Vice-Mayor of the City of Chicago and Chairman of the City Council Committee on Buildings. Additionally, he serves on the Committees of Budget and Government Operations, Finance, Historical Landmark Preservation, Housing and Landmark Preservation, and Traffic Control and Safety, among others.
For more on Alderman Stone and his re-election campaign, visit www.goodforthe50th.com.
SOURCE Alderman Stone