Chicago Committees Advance Budget With Property Tax Hike
Two Chicago City Council committees advanced Mayor Brandon Johnson’s 2025 spending plan and a scaled-down property-tax hike and other levies, moving the city closer to passing its 2025 budget on time.
Chicago finance, budget committees OK mayor's latest budget package, which includes $68M property tax increase
The City Council is one step closer to approving a 2025 budget, but Mayor Brandon Johnson's revised spending plan is expected to face a very close vote by the council on Friday. A pair of City Council committees on Tuesday gave their approval by razor-thin margins to a $17.
Mayor Brandon Johnson $17.3B budget and $68.5M property tax hike squeak through committees
The Finance Committee’s 14-12 vote and Budget Committee's 17-to-16 vote set the stage for the marathon budget stalemate to end Friday, averting what might have been Chicago's first budget shutdown.
Full City Council set to review Mayor Brandon Johnson's budget with $68.5M property tax increase
The mayor's proposed budget narrowly passed through a pair of City Council committees. It now includes for Chicago homeowners a $68.5 million property tax increase, down from $300 million initially proposed by the mayor.
Chicago finance, budget committees OK budget package with $68M property tax
The method used to get the vote came under fire from several alders who argued that votes for property tax increases are normally separate from those for increases in fines and fees.
After much revision, Mayor Brandon Johnson’s budget plan ekes through Finance Committee
It’s one step toward the spending plan coming to the full council for an up or down vote, which could happen as soon as Friday.
Committees pass mayor's budget with $68.5M property tax increase; full city council to vote Friday
Mayor Brandon Johnson's proposal to raise property taxes by $68.5 million to fill a nearly $1 billion deficit narrowly passed out of committees on Tuesday.
Opinion
Flawed tax policy keeps Chicago in perpetual budget crisis
City Hall and City Council are on the clock to craft a 2025 budget. It's time for policy reforms to get off the merry-go-round of yearly financial crises.
Mayor Brandon Johnson's revised budget plan, $68.5 million property tax hike pass first test
It appears the mayor still does not have the votes to get the budget approved by the full City Council, and critics have accused him of trying to buy votes.
Minneapolis council adopts budget that increases property tax levy 6.8% over 2024
After three days of budget revisions and a whopping 74 amendments, the Minneapolis City Council approved a property tax levy increase of 6.8% — the largest since 2010 — to fund the city budget next year.
Full council to vote Friday on budget, $68.5M property tax increase
Mayor Brandon Johnson's proposal to raise property taxes by $68.5 million to fill a nearly $1 billion deficit narrowly passed out of committees on Friday.
Michael D. Belsky: Chicago’s budget process is chaotic. It needs a stronger Office of Financial Analysis.
It should be common sense that aldermen and the Council Office of Financial Analysis should have ample time to scrutinize the ...
Mayor Johnson hopes to get Chicago city budget deal done by Friday with deadline looming
Before the budget can get to the City Council for a full vote, it needs to clear the Finance Committee on Tuesday morning.
Illinois Policy1d
Exclude staff costs, Chicago spending still spiked $3.6B in just 6 years
Chicago’s 2025 budget is facing a nearly $1 billion gap. Mayor Brandon Johnson’s plan to close it: increase taxes. The city’s ...
Crunch time: Chicago budget battle, future of schools CEO top mayor’s agenda this week
The next few weeks are pivotal for City Hall as the Johnson administration tries to pass a budget that holds to the mayors ...
Chicago community leaders call to redistribute budget amid deficit
Chicago community leaders are calling for $170 million budget to reallocated to fill gaps in public health, youth job ...
Axing a guaranteed income program to fill the city's budget hole will cost Chicago long-term, advocates say
Advocates on Friday lambasted a proposal from Mayor Johnson’s administration to cut the monthly stipend for low-income ...
Report: Mayor Brandon Johnson proposes adding $2.64M worth of new speed cameras to help balance city budget
Mayor Brandon Johnson is now trying to help balance the City of Chicago budget by installing more speed cameras throughout ...