Chicago Mayor Brandon Johnson downplays idea of raising property taxes after CFO report amid $1B budget deficit
Share this @internewscast.com

CHICAGO (WLS) — Chicagoans may have to prepare for higher property taxes, with the city facing a $1 billion deficit.

Chicago’s Chief Financial Officer Jill Jaworski told Bloomberg that a property tax increase was “likely” due to the budget crisis

ABC7 Chicago is now streaming 24/7. Click here to watch

The mayor is minimizing the prospect of increasing property taxes, which isn’t surprising as politicians generally avoid discussing tax hikes unless absolutely necessary.

And given the pushback from the City Council last year, it’s setting the stage for a major budget battle this fall.

The mayor lost a bitter battle over raising property taxes last year when the projected budget deficit was not as bad as the one he is now facing.

And it may not get any better during this upcoming budget season.

“I don’t think Chicagoans trust the mayor with the checkbook, frankly. And I think that that introduction of a property tax increase will get pushed back really hard,” said 13th Ward Ald. Marty Quinn. “The residents of the 13th Ward have no appetite for a property tax increase.”

At an unrelated news conference, the mayor attempted to retract his chief financial officer’s statement regarding the likelihood of a property tax increase.

I think it’s horrible. I feel like the majority of the people are already having a hard time, and they’re trying to keep their homes.

Nicole Loury, Austin resident

“We have a working group that is coming up with a lot of ideas. Some of those ideas have been already pushed through by administration for us to contemplate, and it’s still too early to determine what our ultimate package will look like,” Mayor Brandon Johnson said. “We’re going to contemplate all ideas, but it is too early at this point to ultimately determine which package will ultimately prevail.”

The mayor could opt for the automatic property tax hike that is tied to inflation but capped at 5%, which could provide him some political cover. But that may not lessen the pushback from alders.

“We need to see some where we’re going to cut in this budget, and residents cannot continue getting squeezed out with taxes and fees. We’re tired of that; they’re always feeling the burden, and it’s not going to be with property taxes,” Ald. Silvana Tabares said.

Last year, the mayor first floated a $300 million property tax hike, but the City Council shot that down 50-to-nothing. He tried reducing it to win votes, but eventually was forced to drop the idea all together.

“So, it’s a flat, ‘no.’ And the mayor hasn’t proved otherwise. He hasn’t come first with a list of reforms. It’s just spend, spend, tax, tax, and I believe the residents of the city of Chicago are done with that,” Quinn said.

Budget season may not really heat up until after the City Council’s August break, but early indications are this will be a contentious fight over city finances.

Some residents expressed their displeasure with the possible hikes.

“The working class should get a break on taxes,” Austin resident Nicole Loury said. “It’s taxes, on top of taxes, on top of taxes, on top of taxes.”

At the popular Mario’s on Taylor Street Wednesday night, folks from around the city enjoyed a cold treat while they were decidedly lukewarm about the idea of higher property taxes.

“I think it’s horrible,” East Garfield Park resident Kenya King said. “I feel like the majority of the people are already having a hard time, and they’re trying to keep their homes.”

The mayor’s budget working group, composed of civic, business and labor leaders, will deliver its recommendations by the end of August ahead of the mayor’s fall budget address.

“If he can show us the case, make a timeline, and tell us exactly what this is paying for, I think that will be, that will make people feel better, like we’re paying taxes for a good reason,” South Loop resident Hamidou Drammeh said.

Copyright © 2025 WLS-TV. All Rights Reserved.

Share this @internewscast.com
You May Also Like
Man who hit and killed Jacksonville teen tried running over a man months prior, court records say

Court Records Reveal Man Who Struck and Killed Jacksonville Teen Previously Attempted to Run Over Another Man

Andre Myers has been taken into custody for the deadly hit-and-run incident…
Trial day 2 explores evidence in Prince Holland case

Second Day of Hearings Delves into Prince Holland Case Evidence

Jurors were shown of crime scene photos, walked through bullet-ridden evidence and…
Prince William gives rare Kate Middleton cancer update in vulnerable talk with Eugene Levy

Prince William Shares Heartfelt Update on Kate Middleton’s Cancer Journey in Candid Conversation with Eugene Levy

Prince William provides a rare update on his wife, Kate Middleton, after…
Sean 'Diddy' Combs' is set to be sentenced and faces the possibility of years in prison

Sean ‘Diddy’ Combs Awaits Sentencing, Could Face Lengthy Prison Term

Sean “Diddy” Combs faces sentencing Friday in a sordid criminal case that…
Russian leader responds to American conservative's murder: 'A disgusting atrocity'

Russian President Condemns the Killing of U.S Conservative: ‘Appalling Act’

Russian President Vladimir Putin expressed his views on Thursday, describing the assassination…
Trump administration cuts nearly $8B in clean energy projects in blue states

Trump Administration Reduces Clean Energy Funding by $8 Billion in Democratic-Leaning States

The Trump administration is cutting $7.6 billion in grants that funded numerous…
Bryan Kohberger says he was diagnosed with 4 mental disorders before guilty plea: report

Idaho Judge Describes Bryan Kohberger Crime Scene Photos as ‘Deeply Disturbing,’ Halts Their Public Release

A judge in Idaho has blocked the release of graphic images from…
Church of England names Sarah Mullally first woman Archbishop of Canterbury after Welby exit

Sarah Mullally Becomes First Female Archbishop of Canterbury Following Welby’s Departure

The Church of England announced Friday that Sarah Mullally will become the…
State-of-the-art technology restores classic film 'The Sound of Music' to its clear, bright, colorful glory 60 years after release

Cutting-edge technology revives ‘The Sound of Music,’ enhancing its clarity, brightness, and color 60 years post-release

BURBANK, Calif — To celebrate “The Sound of Music” on its 60th…
Massive fire erupts at Chevron refinery just outside of LA

Huge Blaze Breaks Out at Chevron Refinery Near Los Angeles

A fire erupted at a Chevron oil refinery near Los Angeles in…
Portland police arrest conservative journalist on another night of chaotic anti-ICE clashes

Conservative Journalist Detained by Portland Police Amid Turbulent Anti-ICE Protests

Conservative journalist Nick Sortor was filmed being arrested in Portland, Oregon, amidst…
courtroom drawing of Sean "Diddy" Combs blowing kisses to people in the audience

Diddy Scheduled for Sentencing on Friday for Charges Linked to Prostitution

(NewsNation) — Sean “Diddy” Combs is scheduled to receive his sentence from…