Budget Cuts

Expiring TIF districts to repay $1.25B affordable housing bond

Expiring TIF districts to repay $1.25B affordable housing bond

Debt service on the bond wouldn’t require a property tax hike, but the plan limits future flexibility by earmarking funds for bond payments

Chicago Scraps Property-Tax Hike, Narrowly Approves Budget

Chicago ditches property-tax hike, narrowly approves $17B budget

Mayor admonished by Progressive Caucus members who typically have his back

Chicago Tax-Hike Plan Replaced by Debt Deferral, Job Cuts

Tax-hike plan replaced by Bronzeville site debt delay, job cuts

Mayor Brandon Johnson took proposed property tax hikes out of his plan to cover a $982 million budget shortfall altogether