Mayor Johnson confirms reports that his office has crafted a framework for a fiscal 2025 Budget that would cut the $300 million property tax increase he first proposed in half. But, he says, don’t call it “deal” as some have.

Budget negotiations are continuing after alderpeople unanimously voted down Mayor Brandon Johnson's proposed $300 million property tax hike last week.

Mayor Brandon Johnson laid out a new proposal for the City of Chicago's 2025 budget on Tuesday, this time with a $300 million property tax hike.

Mayor Brandon Johnson is now proposing hiking Chicago property taxes by $150 million, down from his original $300 million recommendation for 2025 that was unanimously struck down by the City Council last week.

Chicago alderman Anthony Napolitano reacts to Windy City residents outraged over Mayor Brandon Johnson's proposed massive tax hike to cover the cost of the migrant crisis.

Following last week's sound rejection of his $300M property tax hike proposal, Chicago Mayor Brandon Johnson accused some alders of "having tantrums" as the calendar ticks toward the end of the year deadline.

Mayoral aides and some Council members have agreed to cut the proposed increase in half as talks continue. The largest chunk of new revenue — $128 million — will come from raising the personal property lease tax on cloud computing to 11%.