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'We're Going to Create a Budget that Reflects Our values:' Mayor Brandon Johnson Rules Out Property Tax Increase in Budget

Summary by WGN 9
CHICAGO (WGN) - Chicago Mayor Brandon Johnson has signaled that he is not planning on proposing a property tax increase in this year's budget, just days after the city's Chief Financial Officer said an increase was likely. On Thursday, the mayor's office announced that Johnson will commit to a budget without a property tax increase as a way to deal with a looming budget crisis. Board of Education meets as Chicago Public Schools faces $734M …

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WirePoints Illinois Financial News broke the news in on Thursday, July 24, 2025.
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