By John Byrne (Chicago Tribune), includes “The ongoing spike in inflation is likely to drive an increase in Chicago property taxes next year. Under a budget rule passed under Mayor Lori Lightfoot in 2020, property taxes are tied to inflation. … Lightfoot could opt to ask the council to deviate from the formula. A city spokeswoman did not respond to questions about whether Lightfoot might do so in the face of the 5% increase.”