Chicago Mayor Brandon Johnson Rules Out Property Tax Increase in 2026 Despite $1.2B Budget Shortfall

Chicago Mayor Brandon Johnson rules out property tax increase in 2026 despite $1.2B budget shortfall

CHICAGO (WGN) — Mayor Brandon Johnson addressed members of the media Friday for the first time since announcing he won't propose a property tax increase next year for Chicago homeowners. Johnson spoke about his decision Friday on WGN Morning News. He says he’s looking for other sources of progressive revenue to address the city’s $1.2 billion budget deficit.  “We’re going to work to build the safest, most affordable big city in America. We’r…

Mayor Brandon Johnson says ‘progressive revenue’ will be used to fill budget gap – ABC7 (Chicago)

Johnson said furloughs and layoffs are not on the table. "What I can say is there are too many loopholes in this city that allow for the ultra-rich and corporations to get away without having to pay their fair share in taxes. My proposal is going to reflect the values of working people," he said.