Chicago Mayor Brandon Johnson’s proposed budget includes $233.9 million in tax hikes including rideshare prices and streaming services. It has already passed a key committee in the city council.
Chicago’s 2025 budget is facing a nearly $1 billion gap. Mayor Brandon Johnson’s plan to close it: increase taxes. The city’s rising non-personnel costs, now at $6.6 billion, will outpace its grant funding, squeeze taxpayers and increase regressive fees.
Chicago speed cameras sent drivers $28 million less in tickets through September than during the first nine months of 2023. Annual revenues could spike again under proposals to drop the citywide speed limit or boost the number of cameras.
Montgomery County notified some residents they will not be facing 1,400% property tax hikes as originally planned. The sticker shock stemmed from a 2007 law.
High cigarette taxes give Illinoisans a financial reason to sneak in smokes from other states. Illinois is among the 10 states with the most smuggling.
Chicago Mayor Brandon Johnson wanted a $300 million property tax hike for his big budget. All 50 aldermen said “no.” So then he asked for $150 million and a 35% tax on liquor. Johnson fails to admit it’s not about taxes, it’s about making changes.
Residents in Central Illinois are feeling sticker shock from exponential property tax growth. One woman’s $756 property tax bill is skyrocketing to $10,000 in one year.
Chicago’s 2025 budget has a nearly $1 billion hole. Mayor Brandon Johnson has only proposed tax hikes. But when personnel eats over two-thirds of the budget, the city must be smart about freezes and cuts without making public safety even worse.
Chicago faces financial meltdowns on three fronts: the city budget, Chicago Public Schools and the Chicago Transit Authority. The CTA faces a $577 million deficit, but it can be fixed.
Pekin and Normal have joined the list of local governments passing ordinances to replace the 1% statewide grocery tax when it expires.
Mayor Brandon Johnson broke a campaign promise by proposing a $300 million property tax increase to fund his $17.3 billion budget. On Thursday the city council will vote, and the signs are not good for Johnson.
Palos Park residents have a chance to save 1% on groceries starting in 2026, but the City Council is considering taking that away and taxing groceries. A series of towns are considering a local grocery tax.
The “millionaire tax” was being OK’d by Illinois voters, with 60.3% voting “yes” on the advisory question about raising taxes on residents earning over $1 million a year to fund property tax relief. The problem is, millionaires would not be the only tax targets.
Chicago Mayor Brandon Johnson’s 2025 budget proposes a nearly $1 billion deficit. High personnel and pension costs have Johnson breaking his campaign promise not to hike property taxes. Plus there’s no plan for long-term fixes.