Mayor Johnson Concedes $300M Tax Hike, Seeks Alternatives with City Council

Facing opposition, Chicago's mayor explores diverse revenue options to balance the budget without layoffs.

Mayor Brandon Johnson is withdrawing his proposal for a $300 million property tax increase amid significant City Council opposition.
The administration is collaborating with aldermen to identify alternative revenue sources, including federal COVID-19 funds and increased fees.
Proposed alternatives include raising the garbage collection fee, increasing the personal property lease tax, and redirecting federal stimulus funds.
Critics argue for budget cuts over revenue increases, but Johnson's team emphasizes maintaining city investments and avoiding layoffs.
The City Council is set to vote on the tax proposal, while discussions on a balanced budget continue with a focus on consensus and sustainability.