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
Athena Strand photo shows deadly ride with FedEx driver who admitted killing girl during Christmas delivery

Bodycam Footage Reveals FedEx Driver Charged in Athena Strand Case Exhibiting Contradictory Behavior, Describes Discarding Child’s Clothing as ‘Amusing

In a Texas courtroom on Thursday, jurors were presented with unsettling body…
Tour guide killed after speedboat explodes at popular Thailand tourist spot

Tragic Incident: Tour Guide Fatally Injured in Speedboat Explosion at Prominent Thai Tourist Destination

In a tragic event captured by security cameras, a speedboat carrying passengers…
Zohran Mamdani's grand plan to raid NYC's rainy day fund could be blocked as comptroller makes move

NYC Comptroller Challenges Zohran Mamdani’s Bold Proposal to Tap Rainy Day Fund

City Comptroller Mark Levine has unveiled a proposal aiming to establish stringent…
Man kicked off Malaysia Airlines flight for allegedly groping flight attendant

Passenger Removed from Malaysia Airlines Flight Following Alleged Inappropriate Conduct Towards Crew Member

A high-stakes incident unfolded on a Malaysia Airlines flight when a passenger…
Lawmakers press for probe of Chinese diaspora groups alleged election interference

Lawmakers Demand Investigation into Alleged Election Interference by Chinese Diaspora Groups

Leading members of the House are urging both the Treasury Department and…
Gilgo Beach serial killer joins infamous group of monsters as he opens ghoulish mind to FBI

Gilgo Beach Serial Killer Shares Chilling Insights with FBI, Joining Notorious Ranks of Infamous Criminals

This week, Rex Heuermann, the infamous Gilgo Beach serial killer, confessed to…
Trio of Russian spy submarines detected near Britain, UK says

UK Reports Sighting of Three Russian Submarines Near British Waters

British authorities have disclosed that Russia has dispatched three submarines to monitor…
Employee accused of arson following massive warehouse fire in Ontario, California

Investigators Examine Viral Video of Burning Toilet Paper in Southern California Warehouse Blaze

ONTARIO, Calif. — Authorities are scrutinizing a social media video as a…
Travelers face higher costs and fewer flight options as jet fuel prices swing

Rising Jet Fuel Prices Lead to Increased Costs and Limited Flight Options for Travelers

Travelers around the globe are facing a new reality marked by increasing…
Daughter of missing American woman in Bahamas says there were 'prior issues,' calls for full investigation

Michigan Woman’s Mysterious Disappearance in the Bahamas: Unraveling the Timeline and Husband’s Arrest

HOPE TOWN, Bahamas — Authorities in the Bahamas are actively searching for…
NATO boss Mark Rutte rips Europe for 'unhealthy co-dependence' on US, acknowledges Trump is 'dissapointed'

NATO Chief Mark Rutte Criticizes Europe’s Reliance on the US, Notes Trump’s Discontent

WASHINGTON — In a compelling speech at the Reagan Institute’s Center for…
Penthouse Pet accused of stealing from sugar daddies has more victims: sources

Model Allegedly Accused of Defrauding Multiple Benefactors, Sources Reveal

Adva Lavie, known in Hollywood circles as Mia Ventura, is said to…