News-News.Zip

News in English (USA) / 31.10.2024 / 17:00

Chicago Mayor Brandon Johnson Proposes $300 Million Property Tax Increase to Address Budget Deficit

In a bid to close a nearly $1 billion budget gap, Chicago Mayor Brandon Johnson has proposed a $300 million property tax increase as part of his 2025 budget plan. This controversial proposal comes amidst concerns from aldermen and residents about breaking a major campaign promise, as Johnson had previously stated he would not pursue such tax hikes. While the plan includes a $17.3 billion budget aimed at addressing city needs, reactions from city council members have been mixed, with some supporters expressing caution. Governor Pritzker has weighed in, suggesting that property taxes in Chicago are already too high. The budget proposal is expected to spark significant debate in the City Council as it attempts to balance fiscal responsibility with public support.
CBS Chicago, Chicago Tribune, Chicago Sun-Times, Chicagomag.com, WGN TV Chicago, Block Club Chicago, NBC Chicago, National Review, WBEZ Chicago, Chalkbeat