A Chicago alderman says he has come up a plan that could produce more revenue for the city.
CHICAGO (AP) — A Chicago alderman says he has come up a plan that could produce more revenue for the city. Alderman Joe Moreno says owners of gas-guzzling cars should pay more for city vehicle stickers. At the same time, owners of electric cars and hybrids should see the cost of their vehicle stickers decline. According to Moreno, the long-term goal is to provide an additional incentive for people to drive more fuel-efficient cars. Currently, vehicle stickers for small passenger cars that run on gas cost $75 per year. Those would go up $20 to $95 under the Moreno plan. Moreno says Chicago could raise an additional $21 million a year under the plan. Moreno’s proposal will go to the City Council’s Finance Committee for consideration. Copyright 2011 The Associated Press.
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