Politics & Government
Mayor Brandon Johnson Abandoning $68.5 Million Property Tax Hike In Latest Bid For Budget Deal
Sources said one new element of the effort to pass a budget deal on Monday includes the city cracking down on major sports teams.
Updated on: December 15, 2024 / 3:09 PM CST
CHICAGO (CBS) -- Seeking to get a budget deal done on Monday, Mayor Brandon Johnson has dropped plans to seek a $68.5 million property tax hike, sources have told CBS News Chicago, though it remains unclear if his latest proposal will win him enough votes from the City Council.
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The move comes as the mayor and aldermen have been spending the weekend working to negotiate a possible deal to end the budget impasse in time for a vote on Monday afternoon. The mayor's team was holding briefings with alders on Sunday to discuss his latest plan.
Sources said one new element of the effort to pass a budget deal on Monday includes the city cracking down on major sports teams and other venues in Chicago to reimburse the city for police overtime costs for special events.
