Mayor's $300M property tax hike proposal for 2025 Chicago …
11 hours ago · The City Council will take a vote Thursday on Mayor Brandon Johnson's proposed $300 million property tax hike, announced when he unveiled his $17.3 billion city budget for 2025 last month. That ...
Johnson’s $300M property tax increase will be ‘significantly …
2 days ago · For example, a 10% reduction saves $27 million now but would cost the city $380 million over 30 years. A 30% cut saves $81.6 million now, but would cost $1.3 billion by 2054.
Mayor Brandon Johnson giving up $300 million tax hike fight
1 day ago · A property tax hike smaller than the $300 million one at the heart of Johnson’s original budget proposal is possible, and the administration “never had a target number” as it met with over ...
Chicago City Council to vote on proposed property tax hike
2 days ago · Alders are expected to vote Thursday to reject Mayor Brandon Johnson's $300 million property tax hike, aimed at closing a $1 billion gap in the city's budget.. Why it matters: The hike would boost taxes by 4.8% — raising them, for example, $318 on a $350,000 Chicago home — at a time when many have watched property taxes double over the last decade.
Johnson Acknowledges $300M Property Tax Hike Unlikely to Get …
2 days ago · Johnson used a Tuesday afternoon news conference to cast the City Council’s apparent refusal to hike property taxes by $300 million as evidence of his collaborative approach to governing in Chicago, and not a rebuke of his leadership. “So as a public-school teacher, sometimes we do things to get people’s attention, and so now that we have ...
Mayor Brandon Johnson proposes $300 million property tax hike …
Oct 30, 2024 · Chicago Mayor Brandon Johnson, who campaigned against raising property taxes, is now seeking to increase them by $300 million to close a $1 billion budget gap. He faces opposition from some...
Johnson’s property tax hike gets opposition, caution from …
Oct 31, 2024 · The mayor proposes a $300 million property tax increase to balance his $17.3 billion budget, but many aldermen and groups criticize it as regressive and unaffordable. The budget also includes...
'Very excruciating process': $300M property tax increase in …
Oct 30, 2024 · Mayor Brandon Johnson breaks his campaign promise and asks for a 4% average increase in property taxes to avoid layoffs and furloughs. City Council members oppose the plan and demand other...
Chicago Mayor Seeks Property Tax Hike, Breaking Campaign Vow
Oct 30, 2024 · Chicago Mayor Brandon Johnson is proposing a $300 million property tax hike — breaking a campaign promise — to help close next year’s nearly $1 billion budget shortfall.
Chicago mayor unveils proposed property tax hike in 2025 …
Oct 30, 2024 · Chicago Mayor Brandon Johnson announced a $300 million property tax hike and other spending plans for his 2025 budget, reversing his campaign promise. He said the tax increase was necessary...