Chicago hopes to land casino ‘compromise’ in waning hours of veto session Tina Sfondeles and Mitchell Armentrout, Chicago Sun-Times · November 14, 2019 at 6:22 pm Mayor Lori Lightfoot has signed off on changes to a Chicago casino “compromise” measure she hopes lawmakers will approve in the waning hours of the veto session Thursday. The revised structure mostly aligns with the proposal put forward Wednesday by Illinois Senate President John Cullerton. It throws out the original 72% effective tax rate setup that a state-hired consultant deemed “too onerous” for any prospective casino developer to break even. Both chambers must still clear the measure, which had not been heard in a House committee by 3 p.m. Thursday. The original legislation taxed the Chicago casino along the same graduated system as Illinois’ 10 existing casinos, while slapping on an additional 33.3% privilege tax for the city, plus a hefty “reconciliation fee” due in three years.