Johnson’s 2025 Chicago budget breaks property tax promise

Oct 30, 2024  · Chicago Mayor Brandon Johnson unveiled his $17.3 billion budget for fiscal year 2025 on Oct. 30, including a $982 million shortfall. He could have cut down on labor costs or broken his campaign ...


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Johnson’s 2025 Chicago Budget Breaks Property Tax Promise

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Oct 30, 2024  · Chicago Mayor Brandon Johnson unveiled his $17.3 billion budget for fiscal year 2025 on Oct. 30, including a $982 million shortfall. He could have cut down on labor costs or broken his campaign ...

illinoispolicy.org

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

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Oct 30, 2024  · Mayor Brandon Johnson’s budget at a glance. $300 million: The size of the property tax increase the mayor is proposing.; $570 million: TIF surplus funds being tapped to …

suntimes.com

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Mayor Brandon Johnson Calls For $300M Property Tax Hike To …

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Oct 30, 2024  · And I’m gonna stick to that promise,” Johnson said. ... Chief Financial Officer Jill Jaworski said the $300 million property tax hike is equivalent to the increases Chicago …

wttw.com

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Mayor Brandon Johnson Proposes $300 Million Property Tax Hike …

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Oct 30, 2024  · 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 …

cbsnews.com

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City Council Unanimously Rejects Mayor's $300 Million Property …

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2 days ago  · Now, Johnson and City Council will have to find some common ground on how to bring in new revenue to close an almost $1 billion budget gap forecasted for 2025. All 50 …

blockclubchicago.org

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4 Ways Chicago’s 2025 Budget Fails, Plus Hikes Property Taxes

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Nov 1, 2024  · Johnson’s proposed budget includes a $300 million property tax increase, breaking his campaign promise. Total property tax collections are projected to be $2.12 billion in fiscal …

illinoispolicy.org

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Johnson Proposes $300M Property Tax Increase, Breaking …

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Oct 30, 2024  · Now, just two budget cycles into his first term, he has to go back on that - proposing a $300 million property tax increase. Under the mayor's proposal, the owner of a …

fox32chicago.com

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Chicago Mayor Breaks Pledge, Seeks $300 Million Property Tax Hike

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CoStar News. October 30, 2024 | 1:03 P.M. Chicago Mayor Brandon Johnson is proposing a $300 million property tax hike, reversing himself on a key campaign promise and setting up a new …

costar.com

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Chicago Mayor Brandon Johnson Pitches $300 Million Property Tax ...

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Oct 30, 2024  · Chicago Mayor Brandon Johnson is pitching a $17.3 billion budget that avoids layoffs but relies on a massive $300 million property tax increase to close the city’s 2025 …

wbez.org

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Chicago City Council Rejects Property Tax Hike In 50-0 Vote

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2 days ago  · In a rare 50-0 unanimous vote, the Chicago City Council voted Thursday to reject Mayor Brandon Johnson’s proposed $300 million property tax increase, sending his 2025 …

nbcchicago.com

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Chicago Alders Kill Mayor's $300M Property Tax Hike Proposal

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3 days ago  · The City Council will take a vote Thursday on Mayor Brandon Johnson's proposed $300 million property tax hike, announced when he unveiled his $17.3 billion city budget for …

wgntv.com

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Mayor Brandon Johnson Calls For $300M Property Tax Hike In …

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Oct 31, 2024  · Walking back a major campaign promise, Mayor Johnson's 2025 budget proposal for Chicago contains a $300 million property tax hike. 24/7 Live Chicago & Suburban Cook Co. …

abc7chicago.com

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Mayor Proposes $300 Million Property Tax Hike - Axios

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Oct 30, 2024  · 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 …

axios.com

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Chicago City Council Strikes Down Mayor's Proposed Tax Hike - Axios

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3 days ago  · In a special meeting, Chicago's City Council voted unanimously to remove the mayor's proposed $300 million property tax increase from the 2025 budget plan.. Why it …

axios.com

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Mayor Brandon Johnson Seeks $300M Property Tax Hike In 2025 …

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Oct 30, 2024  · Taxes and TIFs. In all, the city’s property tax levy would rise to $2.12 billion in 2025. Johnson’s plan represents the largest levy hike since the 2016 budget, when Mayor …

chicagotribune.com

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Chicago City Council Set To Vote Down Mayor Johnson's ... - CBS …

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2 days ago  · Mayor Brandon Johnson wouldn't commit on Tuesday when asked if he would support possible alternatives to his proposal to raise property taxes to close a nearly $1 billion …

cbsnews.com

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Chicago Mayor Seeks Property Tax Hike, Breaking Campaign Vow

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October 30, 2024 at 1:06 PM PDT. Translate. Listen. 4:25. Chicago Mayor Brandon Johnson is proposing a $300 million property tax hike — breaking a campaign promise — to help close …

bloomberg.com

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Chicago Aldermen Give Mayor Brandon Johnson’s $300M …

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3 days ago  · The Chicago City Council emphatically voted down Mayor Brandon Johnson’s plan to hike property taxes by $300 million Thursday, creating a yawning hole in the city’s 2025 …

cpapracticeadvisor.com

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Aldermen Reject Mayor Brandon Johnson's $300M Property Tax …

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2 days ago  · The Chicago City Council emphatically voted down Mayor Brandon Johnson’s plan to hike property taxes by $300 million Thursday, creating a yawning hole in the city’s 2025 …

chicagotribune.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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Sources: Chicago Property Tax Increase Will Be Part Of Mayor …

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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

FAQs about Johnson’s 2025 Chicago budget breaks property tax promise Coupon?

Will mayor Brandon Johnson raise property taxes in 2025?

The mayor is breaking a campaign promise not to raise property taxes by proposing a $300 million increase to deal with an expected shortfall next year of nearly $1 billion. Mayor Brandon Johnson addresses the City Council Wednesday as he unveils his proposed budget for 2025, which includes a $300 million property tax increase. ...

Will Brandon Johnson increase property tax levy in 2025?

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. ...

What's in mayor Brandon Johnson's proposed budget for 2025?

Mayor Brandon Johnson addresses the City Council Wednesday as he unveils his proposed budget for 2025, which includes a $300 million property tax increase. Ashlee Rezin/Sun-Times The Sun-Times is community-funded. Donate now to support Chicago news. ...

Will a property tax increase close Chicago's $1 billion budget gap?

by: Michael Johnson, Courtney Spinelli Posted: Oct 30, 2024 / 07:51 AM CDT Updated: Oct 30, 2024 / 08:19 AM CDT CHICAGO — Mayor Brandon Johnson will present his 2025 budget plan Wednesday morning at City Hall, right after sources told WGN the mayor plans to propose raising property taxes to close the city’s nearly $1 billion budget gap. ...

Is Brandon Johnson's budget proposal a regressive tax hike?

ABC7 Political Analyst Laura Washington talks about Mayor Brandon Johnson's budget proposal, including a property tax hike. The reaction to the property tax increase from councilmembers was questionable, and comes on top of recent reassessments which already raised tax bills across the city. "Property taxes are regressive taxes. ...

What's in Chicago's budget for 2025?

WATCH: Full budget address Chicago Mayor Brandon Johnson delivered his budget address Wednesday. The mayor's $17 billion fiscal plan for 2025 includes more spending for violence prevention and helping the unhoused, as well as youth employment. RELATED: How to balance Chicago's budget without property tax hikes: Civic Federation offers its options ...

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