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Chicago’s financial forecast is clouded by a $982.4 million budget deficit, and Mayor Brandon Johnson's proposed $300 million property tax hike has stirred up a storm of discontent with council ...
The property tax levy is typically a separate ordinance and vote from other taxes and fees. That ordinance with Johnson’s initial $300 million hike was unanimously voted down by aldermen last ...
The mayor then proposed a $150 million property tax hike alongside a nearly $150 million jump in taxes on subscription services and leased cloud computing space. His administration has since ...
Brandon Johnson (born March 27, 1976) [1] [2] is an American politician and educator who is currently serving as the 57th mayor of Chicago since 2023. [ 3 ] [ 4 ] [ 5 ] A member of the Democratic Party , Johnson previously served on the Cook County Board of Commissioners from 2018 to 2023, representing the 1st district .
CHICAGO — Chicago is expected to hit a budget gap of $538 million next year, Mayor Brandon Johnson announced Wednesday in a solemn acknowledgment of the city’s fiscal challenges while also ...
As part of the plan, the city would pay off $2.4 billion in accumulated debt through 2061 by using property tax revenues that would become available thanks to expiring tax increment financing, or ...
The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year.
Mayor Brandon Johnson on Wednesday proposed a $16.6 billion budget plan for next year that holds the line on property taxes and fees while modestly chipping away at his bold, progressive agenda ...