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Chicago reverses property tax hike
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Chicago reverses property tax hike

His proposal to raise the city’s property tax by $300 million — breaking a campaign promise — was intended to help pay pension costs and close next year’s budget deficit.

Earlier this week, Johnson said his team had “extensive conversations” with city council members about how to balance the budget after media reports he planned to roll back the increase. taxes.

Alderman Scott Waguespack called the mayor’s proposed $300 million property tax increase “woefully unwelcome.” And Alderman Carlos Ramirez-Rosa, who is a Johnson ally, said he voted against the increase because he was “listening to my residents.”

On Thursday, Johnson repeatedly said he wanted to address structural damage in the city and did not want to cut services.

“It’s very clear that our income and spending are out of balance,” Johnson said, adding that the ultra-wealthy and corporations should pay their fair share.

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