Cook County leaders announced the second installment of property tax bills will be mailed by Nov. 14 with a Dec. 15 due date.

Chicago Tax Increment Finance “surpluses” have increased more than ninefold in the past decade.

Chicago Mayor Brandon Johnson’s 2026 budget proposal includes a per-user tax on social media companies and a per-employee fee on businesses. The proposal does not include a property tax hike and supports the elimination of the grocery tax.

Peoria Heights’ mayor vetoed a grocery tax, saying the village would not balance its budget on the backs of families at the grocery checkout. Now Chicago is considering taking $73.5 million through the tax.

As Chicago faces a major deficit for fiscal year 2026, Mayor Brandon Johnson is considering resurrecting a failed idea that punishes job creation: the corporate head tax.