Chicago Mayor Brandon Johnson is reportedly planning a major policy switch with a proposal to raise property taxes as a strategy to address the city’s budget problems.
The Chicago Tribune, citing input from three unnamed alderman, said officials in Johnson’s administration brief them on the mayor’s plan to hike property taxes in his 2025 spending plan, which will be released on Wednesday. This would reverse Johnson’s repeated promises during his mayoral election campaign that he would not raise property taxes.
The depth and scope of the potential tax increase was not disclosed, but Johnson is leading a city with a projected deficit of roughly $1 billion and his tools for fixing the problem are limited; previous proposals including an increased hotel tax and a charge on securities trades went nowhere.
This would represent the second time this year that Johnson pushed for a property tax hike. In March, Chicago voters rejected a referendum on the so-called “mansion tax” designed to increase the real estate transfer tax on residential and commercial properties sold for $1 million and higher.
Photo courtesy of Wikimedia Commons
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Nothing like raising taxes to solve problems. Never heard of reducing unnecessary costs, like filing lawsuits and pursuing Trump to the end of the earth. Those things cost money, but NO, let’s raise taxes instead.
You hit the nail on the head!
Well geez, if you weren’t a Sanctuary City and gave free EVERYTHING to illegal aliens, maybe you wouldn’t have a deficit🤦🏻♀️🤦🏻♀️🤦🏻♀️🤦🏻♀️
When will Chicago wake up and start a recall on this man who was not and obviously is still not qualified to run a city, any city???
Very good points! Chicago needs a Trump like mayor who knows business better they a vast majority of any politician!
Rump Bankrupts Airlines, Steaks, Water,
Casino’s, and More. All Businesses Many others have Been Very Successful With.
He Pays Millions for his Scam University.
Some Business Man.
Guilty on 34 Charges Related to his Business Practices.
Mexico Never Paid For the Wall, and he Stole Official Documents and Squirreled Them Away in Florida. To Sell to the Highest Bidder ? That’s Not Business, That’s Stealing.
Only by Stacking the Courts has he Dodged Jail. That’s Not Business, It’s Timing.
If Johnson ran on No Property Tax Increases, He Needs to Honor That. He needs to Cut and Govern.
We Have Enough Lying, Ill Informed Wanna Be Politicians Already.
If You Think Rump Cares about Anyone Who Isn’t a Billionaire… You’re Sadly Mistaken.
That’s Not Business, It’s Who He Is.
Rump Ran Up More Debt (8.4 Trillion MORE New Debt)
in 4 years than Anyone but Bush (Iraq and Afghanistan) and Lincoln (The Civil War).
Bidens Run Up 4.3 Trillion in his 1st 3 Years … and the Stock Market has Never Been Higher.
All Economists Say Rumps Tariff Plans are an Ignorant Idea.
Vote Rump to Moscow or Beijing Where He Belongs.
He Can Help Bankrupt Them.
Now That’s Good Business.
There is so much to correct you. Not worth my time. Really easy; the best cities are Red, the worst are Blue. Same with States.
Eliminate corruption first.
Another Unqualified Clown, Another Liberal left wing jerk just like the Previous Mayor these imbeciles elected, the ugly woman that looked like a man,or whatever that thing was. SANCTUARY CITY?? Congratulations, that’s what you have now. A bunch of filthy ILLEGAL IMMIGRANTS, sucking up all funds and living better than legal Black poor families on the South Side, that are U.S citizens and have been scammed by Democrats. Gangs, murders, and it continues. These liberal Socialist have destroyed a world famous beautiful City, SHAME ON WHOEVER VOTED FOR THESE ANIMALS.
No person or government agency should be entrusted with more of our money when you already have a solid track record of fraud, waste and abuse or the money you have already been given. Stop stealing the tax payer’s money and stop lying.
Agree @Tina! No more sanctuary cities, mass deportations ASAP will free up a lot of $$$ & resources. Chicago has been corrupt for so long, like many great US cities turned into sh!th0les under dem control.