Chicago Committees Advance Budget With Property Tax Hike
Two Chicago City Council committees advanced Mayor Brandon Johnson’s 2025 spending plan and a scaled-down property-tax hike and other levies, moving the city closer to passing its 2025 budget on time.
Chicago finance, budget committees OK mayor's latest budget package, which includes $68M property tax increase
The City Council is one step closer to approving a 2025 budget, but Mayor Brandon Johnson's revised spending plan is expected to face a very close vote by the council on Friday. A pair of City Council committees on Tuesday gave their approval by razor-thin margins to a $17.
Full City Council set to review Mayor Brandon Johnson's budget with $68.5M property tax increase
The mayor's proposed budget narrowly passed through a pair of City Council committees. It now includes for Chicago homeowners a $68.5 million property tax increase, down from $300 million initially proposed by the mayor.
Opinion
Flawed tax policy keeps Chicago in perpetual budget crisis
City Hall and City Council are on the clock to craft a 2025 budget. It's time for policy reforms to get off the merry-go-round of yearly financial crises.
Minneapolis council adopts budget that increases property tax levy 6.8% over 2024
After three days of budget revisions and a whopping 74 amendments, the Minneapolis City Council approved a property tax levy increase of 6.8% — the largest since 2010 — to fund the city budget next year.
Full council to vote Friday on budget, $68.5M property tax increase
Mayor Brandon Johnson's proposal to raise property taxes by $68.5 million to fill a nearly $1 billion deficit narrowly passed out of committees on Friday.
Delco residents face impending property tax hike after council members vote
Council members in Delaware County voted to increase property taxes by 23% with only one member against the increase.
Minneapolis City Council adopts 2025 budget with 6.9% property tax hike
Property taxes were one of the big issues of the night, as the Council approved the highest increase in about 15 years.
City’s property-tax hike pared down to $68.5M amid budget shortfall
The increase is well below Mayor Brandon Johnson’s previous proposal of $300 million to help cover a $982 million budget shortfall.
Yahoo1h
Editorial: Aldermen, vote for this bloated Chicago budget at your political peril. Peer cities are not so reckless in their spending.
Aldermen are set to vote Friday on a 2025 city of Chicago budget featuring $234 million in assorted tax hikes to finance ...
Michael D. Belsky: Chicago’s budget process is chaotic. It needs a stronger Office of Financial Analysis.
It should be common sense that aldermen and the Council Office of Financial Analysis should have ample time to scrutinize the ...
Johnson at risk of losing budget vote — or forced to break tie — with mostly himself to blame
A 14% approval rating has emboldened Mayor Brandon Johnson's opponents and sent his own allies running for cover. A two-week ...
Mayor Johnson hopes to get Chicago city budget deal done by Friday with deadline looming
Before the budget can get to the City Council for a full vote, it needs to clear the Finance Committee on Tuesday morning.
Crunch time: Chicago budget battle, future of schools CEO top mayor’s agenda this week
The next few weeks are pivotal for City Hall as the Johnson administration tries to pass a budget that holds to the mayors ...
Illinois Policy1d
Über, Netflix, shopping bags: Chicago Mayor Brandon Johnson’s $234M tax hikes explained
Chicago Mayor Brandon Johnson’s proposed budget includes $233.9 million in tax hikes including rideshare prices and streaming ...
No consensus on Chicago city budget with less than a month to go before deadline
A balanced city budget must be passed by the end of the year. As of Tuesday, Dec. 2, there was no deal in sight with the Dec.
Chicago City Council takes key step in 2025 budget debate
The Chicago City Council took a key first step toward approving a 2025 budget on Tuesday, with multiple committees passing ...
Illinois Policy1d
Exclude staff costs, Chicago spending still spiked $3.6B in just 6 years
Chicago’s 2025 budget is facing a nearly $1 billion gap. Mayor Brandon Johnson’s plan to close it: increase taxes. The city’s ...