Chicago City Council to vote on 2025 budget, which now includes controversial $40M short-term loan

Chicago City Council News

Chicago City Council to vote on 2025 budget, which now includes controversial $40M short-term loan
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The City Council votes as Chicago faces a nearly $1 billion budget shortfall.

The vote comes as Mayor Brandon Johnson reportedly dropped his proposed property tax hike, which originally called for $300 million increase in taxes for Chicago property owners.was shot down by aldermen 40-0. And the latest budget draft -- which includes a $40 million, short-term loan -- is not a guarantee, with some members urging the Mayor to correct spending to pre-pandemic levels, while adjusting for inflation along with cuts to middle management.

In a letter, a group of 15 City Council members demanded an additional $823.7 million in spending reductions, headlined by the elimination of the Office of Vice Mayor and the $175 million 2025 CTU non-teacher pension payment. trimmers, and lately homeless support and youth employment programs. Our focus has been on the midlevel administrative bloat within the bureaucracy, the supervisor and administrative jobs that create supervisory/employee ratios nearly 1:3," the letter read in part.new 012 Satellite Police District

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