Mayor Brandon Johnson’s first big fiscal test: How to translate campaign promises into dollars and cents
Yolotzin Martinez, left, speaks to Mayor Brandon Johnson, right, about community safety during a mayoral roundtable on the 2024 city of Chicago budget at Harold Washington Library in the Loop on July 25, 2023.
His team’s remarks during the four roundtables suggest his administration is still deliberating, too.Backers of Chicago real estate transfer tax hike aim to take measure to voters; money would fight homelessnessEach year, the mayor’s office hosts a series of community roundtables across the city to ask Chicagoans for their budget wish lists.
Muriel Jones fears she will soon become one of them. Her two sons have already left, with the first telling her, “Mom, I can’t make it in Chicago,” before moving to Georgia. but still implemented some hikes due to rising pension costs and deficits driven by the COVID-19 pandemic. The city’s levy under Lightfoot rose
Johnson, a former Cook County commissioner, released one of the most extensive economic plans in the mayoral race, vowing to eliminate the city’s structural deficit through a bundle of tax-the-rich levies. They include reinstating a $4-per-employee corporate head tax on large companies, creating a 9.2 cents-per-gallon levy on jet fuel, instituting a $1 or $2 charge on securities trades and increasing the hotel tax from 4.5% to 6%.
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