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‘Devastating loss for Mayor Johnson’: Aldermen sound off after rejecting property tax hike
Mayor Brandon Johnson presided over a special meeting of the Chicago City Council on Thursday where alderpeople unanimously voted down his property tax proposal.
CHICAGO - Mayor Brandon Johnson presided over a special meeting of the Chicago City Council on Thursday where alderpeople unanimously voted down his property tax proposal.
The meeting was originally scheduled for Wednesday, but canceled and rescheduled for the following day.
Prior to the meeting, Johnson had taken the proposed $300 million property tax hike off the table to work with council members on other ways to fill the budget. The mayor proposed the property tax increase, he said, to avoid massive layoffs that would have included first responders.
The hike would have cost homeowners more than $200 on a home valued at $250,000.
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Chicago City Council strikes down proposed property tax hike
Chicago Mayor Brandon Johnson addressed the media Thursday afternoon shortly after the city council unanimously struck down his proposed property tax increase.
Johnson is now asking alders to come up with new streams of revenue.
A property tax increase is still a possibility, just not as big. The council has to have a budget by the end of the year.