Mayor Brandon Johnson presents budget plan without tax hikes or layoffs
CHICAGO -- Mayor Brandon Johnson presented his first budget address on Wednesday, announcing he planned to close a projected $538 million budget gap without any tax hikes or layoffs.With no end in sight to the city's migrant crisis, skepticism remains both within and outside of the City Council about Johnson's ability to pull it off.
But Johnson's reliance on that TIF surplus, as other mayors have done to balance the budget, faces criticism from government watchdog groups, because it's a one-time revenue bump.'This is not a sustainable approach to the budget. The reliance on TIF money, that's not a renewable revenue source,' said Ralph Martire, executive director of The Center For Tax & Budget Accountability.
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