Ahead of Mayor Johnson’s second budget, we take a look at how …

Oct 21, 2024  · But “how we pay for that” is a question Johnson may be stumped with now as mayor. He must work to close both a $223 million deficit for this year and a $982.4 million gap …


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Ahead Of Mayor Johnson’s Second Budget, We Take A Look At How …

1 week from now

Oct 21, 2024  · But “how we pay for that” is a question Johnson may be stumped with now as mayor. He must work to close both a $223 million deficit for this year and a $982.4 million gap …

wbez.org

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Mayor Brandon Johnson's Proposed $17.3 Billion City Budget For …

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Oct 30, 2024  · Mayor Brandon Johnson unveils $17.3 billion city budget, proposes steep property tax increase The mayor is breaking a campaign promise not to raise property taxes by …

suntimes.com

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$300M Property Tax Hike In Chicago Mayor’s 2025 Budget …

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Oct 30, 2024  · CHICAGO — Despite continued promises not to raise property taxes stemming back to his mayoral campaign, Mayor Brandon Johnson has proposed to do just that in a …

wgntv.com

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Chicago Mayor To Propose Property Tax Hike To Close $1 Billion …

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Oct 30, 2024  · 02:05. CHICAGO (CBS) – Mayor Brandon Johnson will announce his new budget proposal on Wednesday and, with it, his plan to try to bridge an almost $1 billion budget gap. …

cbsnews.com

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Brandon Johnson Facing Big Chicago 2025 Budget Gap - Crain's …

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August 07, 2024 05:51 AM. “All options are on the table” for Mayor Brandon Johnson as his administration prepares for a significantly larger budget gap in 2025 than the $538 million …

chicagobusiness.com

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Brandon Johnson's Budget Calls For $300M Property Tax Hike

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October 30, 2024 10:30 AM. 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 …

chicagobusiness.com

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Johnson’s $300M Property Tax Increase Will Be ‘significantly …

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4 days ago  · For example, a 10% reduction saves $27 million now but would cost the city $380 million over 30 years. A 30% cut saves $81.6 million now, but would cost $1.3 billion by 2054.

wbez.org

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Sources: Mayor Brandon Johnson Will Propose Property Tax …

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Oct 29, 2024  · But with Chicago facing a budget deficit of nearly $1 billion for 2025, it appears Johnson will not be upholding that campaign promise as he gets set to unveil his second …

wgntv.com

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Mayor Proposes Property Tax Hike To Close Budget Gap, Breaking …

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Oct 30, 2024  · 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 …

blockclubchicago.org

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What Mayor Brandon Johnson’s 2024 Budget Means For Chicagoans

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Oct 13, 2023  · The concerning news is pensions are also projected to cost the city $335 million more than expected in 2024, with the bill coming in at $2.8 billion. And the even worse news is …

illinoispolicy.org

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Johnson's $17.3 Billion Budget Faces Pushback In City Council, With …

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Oct 30, 2024  · Johnson proposes $17.3 billion budget with $300 million property tax hike Johnson budget will rely on property tax increase to avoid a fight with labor Civic Federation calls on …

chicagobusiness.com

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Mayor Johnson To Announce Property Tax Hike As Part Of 2025 …

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Oct 30, 2024  · The address is set to take place at 10 a.m. Wednesday, as the city faces a budget shortfall of nearly $1 billion for fiscal year 2025. NBC Chicago will stream the address live in …

nbcchicago.com

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Council Unanimously Votes Down Mayor Johnson's Property Tax

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The Chicago City Council unanimously voted down Mayor Brandon Johnson's proposed $300 million property tax hike in a special meeting Thursday. Aldermen voted 50-0 on the hike …

msn.com

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How To Watch Chicago Mayor Brandon Johnson's 2025 Budget …

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Oct 30, 2024  · Chicago Mayor Brandon Johnson will deliver his highly anticipated 2025 budget address during a City Council meeting Wednesday morning as the city faces a nearly $1 billion …

nbcchicago.com

FAQs about Ahead of Mayor Johnson’s second budget, we take a look at how … Coupon?

Will mayor Brandon Johnson backtrack on his budget plan?

Updated on: October 29, 2024 / 10:20 PM CDT / CBS Chicago CHICAGO (CBS) – Mayor Brandon Johnson will announce his new budget proposal on Wednesday and, with it, his plan to try to bridge an almost $1 billion budget gap. CBS News Chicago learned the mayor may backtrack on one of his most popular campaign promises to do so. ...

Will mayor Brandon Johnson raise property taxes in 2023?

Despite promises not to raise property taxes during his mayoral campaign in 2023, Mayor Brandon Johnson has proposed to do just that in his 2025 budget plan. Otherwise, the mayor says, he would be forced to lay off or furlough police officers and firefighters to address Chicago's nearly $1 billion budget gap. ...

What time will mayor Brandon Johnson deliver his 2025 budget address?

Chicago Mayor Brandon Johnson will deliver his highly anticipated 2025 budget address during a City Council meeting Wednesday morning as the city faces a nearly $1 billion shortfall. The address will take place beginning at 10 a.m. Wednesday, according to a press release from Johnson's office. ...

Is Brandon Johnson preparing for a bigger budget gap in 2025?

“All options are on the table” for Mayor Brandon Johnson as his administration prepares for a significantly larger budget gap in 2025 than the $538 million shortfall he closed after taking office last year, according to the city’s budget director. ...

How much money will Chicago Public Schools receive under Mayor Johnson's budget?

Additionally, under Johnson’s budget plan, the city will declare a $750 million Tax Increment Financing (TIF) surplus, with Chicago Public Schools set to receive a sizeable chunk of that. Other highlights of the mayor’s budget proposal include: ...

Will Mayor Johnson say no to his Pro-Biz bona fides?

Editorial: Budget challenge will show whether Johnson has the stomach to say no Mayor Johnson touts his pro-biz bona fides at first anniversary In an interview yesterday, Guzman told Crain's she is “still waiting on information from different sources to finalize our budget gap,” but said the final number “will be relatively around that amount.” ...

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