Chicago City Council Faces Critical Vote on Revised $17.3B Budget
Mayor Brandon Johnson's updated budget proposal removes a controversial property tax hike but still faces resistance over spending cuts and alternative revenue measures.
- Mayor Brandon Johnson's revised $17.3 billion budget eliminates a proposed $68.5 million property tax increase after significant opposition from aldermen and residents.
- The updated plan introduces increased taxes on amusement, cloud computing, parking, and downtown congestion, along with new event fees and expanded speed camera enforcement to generate revenue.
- Johnson made additional concessions, including restoring 162 police jobs to comply with federal oversight and cutting $90 million in pandemic relief spending, but critics argue these measures are insufficient to address structural deficits.
- The City Council's 'Common Sense Caucus' has demanded deeper cuts, including eliminating departments and programs, while some aldermen suggest unpaid furloughs for city workers as a shared sacrifice solution.
- Failure to pass a budget by December 31 could lead to a government shutdown and a severe blow to Chicago's credit rating, intensifying pressure on the council and mayor to reach an agreement.