Mayor Brandon Johnson proposes $300 million property tax ... - CBS News
6 days ago · CHICAGO (CBS) --Mayor Brandon Johnson is proposing a $300 million property tax hike in 2025, going back on a key campaign promise, as he seeks to close a massive budget shortfall of nearly $1 billion.
Chicago Mayor Brandon Johnson unveils details of proposed property tax …
5 days ago · Chicago Mayor Brandon Johnson unveiled his plans for the 2025 city budget Wednesday, proposing a $300 million property tax increase, among other proposals, as funds from the COVID pandemic dwindle.
Mayor Brandon Johnson Calls for $300M Property Tax Hike To …
6 days ago · Mayor Brandon Johnson said proposing the tax hike, the second largest in modern Chicago history after the $588 million property tax hike pushed through by former Mayor Rahm Emanuel in 2016, was a “difficult decision” that was the result of an "excruciating process.”
Mayor Brandon Johnson seeks $300M property tax hike in 2025 …
Mayor Brandon Johnson on Wednesday proposed Chicago’s largest property tax hike in almost a decade as part of his $17.3 billion budget plan for next year. The $300 million increase that would ...
Chicago Mayor Brandon Johnson pitches $300 million property tax ...
6 days ago · Johnson’s flip-flop on his campaign pledge not to raise the tax is part of a proposed $17.3 billion budget that avoids layoffs.
Mayor Proposes Property Tax Hike To Close Budget Gap, …
6 days ago · But facing a series of tough decisions over how to close a nearly $1 billion spending gap in 2025, now-Mayor Brandon Johnson is going back on that promise. In his budget address Wednesday, Johnson will propose increasing the city’s property tax levy to bring in an additional $300 million per year, according to the mayor’s office.
Chicago mayor to propose property tax hike to close $1 ... - CBS News
6 days ago · Property tax hike expected as part of Chicago Mayor Johnson's budget proposal 02:05. CHICAGO (CBS) – Mayor Brandon Johnson will announce his new budget proposal on Wednesday and, with it, his ...
Mayor proposes $300 million property tax hike - Axios
6 days ago · Mayor Brandon Johnson is proposing a $300 million property tax increase to help plug the city's nearly $1 billion deficit as part of his 2025 budget address today.. Why it matters: Chicago property taxes already doubled over the last decade, leaving many homeowners, especially in gentrifying areas, frustrated. Some have warned they could lose their homes.
Aldermen expecting Mayor Brandon Johnson's budget plan to …
Oct 29, 2024 · Aldermen briefed on Mayor Brandon Johnson’s plans are expecting the mayor to propose a 2025 property tax increase to help close Chicago’s yawning budget gap. Three aldermen who spoke to the ...
Brandon Johnson's budget calls for $300M property tax hike
6 days ago · Mayor Brandon Johnson is proposing a $17.3 billion budget for 2025 that relies on a $300 million property tax hike and raiding the city’s economic development funding to help close a nearly $1 ...
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