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Chicago’s financial forecast is clouded by a $982.4 million budget deficit, and Mayor Brandon Johnson's proposed $300 million property tax hike has stirred up a storm of discontent with council ...
Johnson’s 2025 spending plan eliminates the projected $982.4 million budget gap but includes the largest property tax increase since 2016. It comes […] $300M property tax hike in Chicago mayor ...
(The Center Square) – The Chicago City Council on Monday approved a new budget without a property-tax increase, but many aldermen say the mayor still needs to cut spending. The council voted 27 ...
Chicago homeowners can breathe a sigh of relief as it appears a proposed property tax hike is no longer in the ... “My goal has been to defeat a property tax increase, and ladies and gentlemen ...
According to an article published in the Journal of Property Tax Assessment & Administration in 2009, the increase in the use of TIF in Chicago resulted in a "substantial portion of Chicago's property tax base and the land area" being subsumed by these levy zones—"26 percent of the city's land area and almost a quarter of the total value of ...
Johnson, who during his mayoral campaign said he would not raise property taxes, recently proposed a $300 million increase as part of his $17.3 billion city budget. That would have meant a 4% ...
In November 2019, Napolitano was one of fifteen aldermen to oppose a $72 million property tax increase in Mayor Lori Lightfoot's first budget that included $7 million in funding for City Colleges, $32 million in funding to retire a general obligation bond issue and $18 million in funding for libraries. However, he voted for the budget as a whole.
On Thursday, the Chicago City Council dealt the mayor a devastating blow when it rejected his proposed $300 million property tax increase in a 50–0 vote. Earlier in the week, Johnson told ...