Candidate in mayor race releases three years of tax returns
Gery Chico made millions from law firm that lobbies City Hall
By David Heinzmann, Tribune reporter 8:58 p.m. CST, December 21, 2010
A City Hall insider for decades, Chicago mayoral candidate Gery Chico has made millions of dollars in the last few years from his law firm that lobbies for clients seeking city business, according to three years of tax returns he released Tuesday.
Chico’s 2009 federal income tax return shows he and his wife, a school consultant, made $2.6 million. The couple paid about $830,000 in federal taxes on their income. They paid more than $900,000 in federal taxes the year before, when they declared $2.9 million in earnings, according to the records.
The Chicos’ income in the last two years more than doubled from the $1.2 million they declared in 2007.