Chicago City Council rejects Mayor's tax proposal l Full meeting

CHICAGO (CBS) — Dozens of Chicago alderpeople are expected to vote down Mayor Brandon Johnson's proposed $300 million property tax hike proposal during a special city council meeting on Thursday.

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 budget gap for 2025.

Members of the City Council have voiced their opposition to raising property taxes. Johnson seemed to be backing off perhaps a bit on the amount he proposed increasing taxes by, $300 million, as aldermen made suggestions for alternatives to raise revenue.

Some aldermen recommend contributing less to the city's advance pension fund as an alternative revenue-raising solution. The mayor maintains his promise to fund the pension program.

Other ideas include raising the garbage collection fee or increasing taxes on liquor to increase revenue.
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