Mayor Rahm Emanuel reportedly has a plan to raise $9 million: modify the city's amusement tax exemption and hike the tax added to monthly cable bills.
The mayor will include the idea in his upcoming 2014 budget proposal, the Chicago Sun-Times reported Tuesday. The added revenue would pay for enhanced cultural programming and chip away at a $338.7 million shortfall.
Cable companies pay a 9 percent amusement tax and nearly always pass that onto consumers. But there's currently a 5 percent exemption, leaving just 4 percent to be collected. The mayor's plan would decrease the exemption by 2 percent, forcing customers to pay a 6 percent amusement tax.
City Hall officials said the tax would amount to just a few dollars per month, adding that cable companies have the option to not pass the tax onto customers, Fran Spielman reported in the Sun-Times.