Chicago Mayor Brandon Johnson unveils details of proposed property tax hike as part of 2025 budget ...Middle East

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Chicago Mayor Brandon Johnson unveils details of proposed property tax hike as part of 2025 budget
source : NBC Chicago ( Middle East ) () 35
Chicago Mayor Brandon Johnson unveiled his plans for the 2025 city budget Wednesday, proposing a $300 million property tax increase, among other proposals, as funds from the COVID pandemic dwindle. The proposed tax increase, which could change based on property assessments for 2024, would mark a 4% increase in property tax bills for homeowners in the city, the mayor’s office said. In his address to City Council Wednesday, Johnson, who campaigned on a promise he would not raise property taxes, acknowledged the cost such an increase would place on families. He noted, however, that it will also save jobs as his proposal includes no cuts for workers. “This is tough, it is somet

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