Chicago Mayor Proposes $300M Property Tax Hike

Chicago Mayor Brandon Johnson is proposing a $300 million property tax increase to address the city's nearly $1 billion budget deficit for 2025, despite having pledged not to do so during his campaign. Johnson argues the increase is necessary to avoid layoffs and service reductions, including potential cuts to the Chicago Police Department. His proposal also includes utilizing tax increment financing surplus and eliminating vacant positions among other measures. The tax hike is controversial, with 14 aldermen opposing it and citing public polls showing significant opposition among residents. Alternatives suggested by the Civic Federation include raising liquor taxes, furloughs, and increasing garbage collection fees. Whether Johnson can secure the necessary support from the City Council remains uncertain, as many council members await detailed plans before deciding their stance.