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Johnson’s 2025 spending plan eliminates the projected $982.4 million budget gap but includes the largest property tax increase since 2016. It comes […] $300M property tax hike in Chicago mayor ...
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 ...
Chicago homeowners can breathe a sigh of relief as it appears a proposed property tax hike is no longer in the ... “My goal has been to defeat a property tax increase, and ladies and gentlemen ...
(The Center Square) – The Chicago City Council on Monday approved a new budget without a property-tax increase, but many aldermen say the mayor still needs to cut spending. The council voted 27 ...
On Thursday, the Chicago City Council dealt the mayor a devastating blow when it rejected his proposed $300 million property tax increase in a 50–0 vote. Earlier in the week, Johnson told ...
In 2016 the city overall saw an average increase in taxes of 13%, when the city government raised the property tax rate and re-assessed housing values, however Wicker Park saw a 28.1% average increase. [26]
In November 2019, Napolitano was one of fifteen aldermen to oppose a $72 million property tax increase in Mayor Lori Lightfoot's first budget that included $7 million in funding for City Colleges, $32 million in funding to retire a general obligation bond issue and $18 million in funding for libraries. However, he voted for the budget as a whole.
Yet the $16.7 billion budget aldermen approved Wednesday — the first containing the automatic increase — includes a ... Chicago aldermen just enacted a property tax hike.