The mayor broke a campaign promise not raise property taxes, but he claimed it was the only way to avoid cutting 4,000 jobs citywide.
Mayor Brandon Johnson is proposing a $17 billion City of Chicago budget for 2025. He is also calling for a $300 million property tax increase.But it is the proposed tax hike that has many alderpersons leery.
But the mayor's budget proposal will require a larger investment from homeowners with his plan for hiking property taxes by 4%. And that's on top of recent assessments that already raised taxes."This was the best option that I have at this time. It allows us to move forward in a sustainable way," Johnson said.
"I'm being honest with the mayor. I actually had this conversation with him over three weeks ago, back before we knew that there was going to be a property tax increase in the budget. I just said, 'It's non-negotiable for me, mayor,'" said Ald. Brian Hopkins. "We all have problems and solutions are, we got to sit down and really think about where we can find additional resources and money, and not really, you know, hit our constituents and the people that are paying taxes," said Ald. Monique Scott.But the mayor is calling for cutting more than 700 vacant positions to save money.
Property Tax Chicago Illinois Property Tax Property Tax Increase Chicago Property Tax Property Tax Increase City Of Chicago Budget Brandon Johnson Budget Brandon Johnson News Mayor Of Chicago Brandon Johnson Chicago Mayor Brandon Johnson Chicago Mayor Chicago City Council 15498117
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