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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 ...
(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 ...
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% ...
CHICAGO — Mayor Brandon Johnson eked out a victory Monday with the narrow passage of a $17.3 billion municipal budget plan that does not raise property taxes.
The new tax rates proposed by the state legislature in SB 687 included an increase in corporate income taxes from 7% to 7.99%. SB 687 would have also changed the state's property tax credit, which is a credit that some residents paying property taxes can claim to reduce their income taxes, from 5% to 6%.
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 ...
(The Center Square) – The Chicago City Council could approve a new budget with more than $230 million in tax increases before the end of the week. Before a fire alarm went off in the council ...
Bill Conway, [2] Chicago City Council alderperson since 2023, candidate for Cook County state's attorney in 2020 Rahm Emanuel , [ 3 ] former mayor (2011–2019), U.S. ambassador to Japan , 2022–2025, former White House chief of staff (2009–10), former U.S. congressman from IL–5 (2003–09), former senior advisor to the U.S. president ...