US Edition
Chicago Mayor Downplays Idea of Raising Property Taxes After CFO Report
CHICAGO, JUL 23 – Mayor Johnson's administration aims to close a $1 billion deficit by proposing a property tax increase in 2026, citing its stability despite political opposition from aldermen.
4 Articles
4 Articles
Chicago CFO says property tax hike is 'likely' to fill $1B budget gap in 2026
Chicago's chief financial officer discussed the city's financial challenges during an interview Tuesday with Bloomberg, explaining a property tax increase is "likely" to plug the large hole in the 2026 budget.
Chicago CFO says property tax hike likely in 2026 budget package – Bloomberg
Chicago Chief Financial Officer Jill Jaworski said the city will likely seek to raise property taxes to address next year’s budget deficit. “It is likely that that will be part of the package,” Jaworski said in an interview at Bloomberg’s New Voices event in Chicago. “We haven’t rolled out the full package yet, but the package is going to include cuts, and it is going to include proposals for increasing our revenues.”
Chicago Mayor Brandon Johnson's CFO says property tax hike 'likely' in 2026 budget
CHICAGO — Chicago Mayor Brandon Johnson’s team teased plans this week to take another swing at raising property taxes to close the city’s more than $1 billion budget gap, despite an aldermanic revolt last year and continued resistance to ...
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