These new taxes were not voted on by the City Council. Instead, the Chicago Department of Finance created the new taxes by administratively clarifying two existing city taxes — the amusement tax and personal property lease transaction tax. City officials estimate the 9 percent levy on "electronically delivered amusements" will raise all of $12 million a year — hardly worth the uproar the tax has ignited, considering the city's proposed 2015 budget was $7.3 billion. And Chicago's actual revenue increase will almost certainly be lower than $12 million after the streaming services pass along surcharges and subscription price increases spark a surge of cancellations. While the overall economic impact to the city's bottom line is relatively small, these types of moves do not engender goodwill among city residents and put streaming tech services in a tight spot: Absorb new taxes or pass them on to consumers.