Politics & Government
Mayor Brandon Johnson's Revised Budget Plan, $68.5 Million Property Tax Hike Pass First Test
Johnson has taken his $300 million property tax hike pitch down to $68.5 million—but some aldermen say this is still too high.
December 11, 2024
CHICAGO (CBS) -- Mayor Brandon Johnson's revised 2025 budget plan narrowly cleared its first hurdle Tuesday morning, as a key committee backed a $234 million package of taxes, fines and fees, including a $68.5 million property tax hike.
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The City Council Finance voted 14-12 to approve the laundry list of increased taxes, fines and fees on Tuesday as the mayor seeks to get a final budget deal in place by the end of the week.
The mayor's budget team has spent more than three weeks revising his budget plan for 2025 after the City Council unanimously rejected his original plan for a $300 million property tax hike last month.
