Mayor Johnson proposes $300M property tax hike amid $1B budget gap
Johnson campaigned on a promise not to raise property taxes, but said he was left with no choice given the city's massive budget shortfall.
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Johnson campaigned on a promise not to raise property taxes, but said he was left with no choice given the city's massive budget shortfall.
Even before Chicago Mayor Brandon Johnson proposed a $300 million property tax increase to close a nearly $1 billion city budget deficit, property taxes have been a hot-button issue in neighborhoods like Pilsen.
Mayor Brandon Johnson is proposing a $300 million property tax hike in 2025, going back on a key campaign promise, as he seeks to close a massive budget shortfall of nearly $1 billion.
The proposal for a property tax increase would be a reversal of a campaign promise Mayor Brandon Johnson made.
CBS News Chicago learned the mayor may backtrack on one of his most popular campaign promises in calling for a property tax increase. Charlie De Mar reports.
Mayor Brandon Johnson will announce his new budget proposal on Wednesday and, with it, his plan to try to bridge an almost $1 billion budget gap. CBS News Chicago learned the mayor may backtrack on one of his most popular campaign promises to do so.
Mayor Brandon Johnson will announce his new budget proposal on Wednesday and, with it, his plan to try to bridge an almost $1 billion budget gap. CBS News Chicago learned the mayor may backtrack on one of his most popular campaign promises to do so.
The average amount owed in Cook County increased for the 30th consecutive year. A new program aims to use more businesses to shift the burden away from homeowners.
The average amount owed in Cook County increased for the 30th consecutive year. As Lauren Victory reports, new program aims to use more businesses to shift the burden away from homeowners.
Property owners can choose between a bi-weekly or monthly payment plan.
If you can't pay, a new tool will launch Friday that can help. There is now a payment plan calculator for property owners who owe over $100 in late taxes.
The homeowners pleaded for relief at a townhall Monday night—with their bills increasing by thousands.
Homeowners pleaded for relief at a townhall Monday night—with their bills increasing by thousands. Marybel Gonzalez reports.
Harvey Mayor Christopher Clark said despite the city facing a large budget deficit, it can hold some taxes steady for the next year.
As Cook County residents face large increases in their property tax bills this year, one south suburban mayor wants to guarantee his city won't raise taxes next year and urged other municipalities to follow suit.
As Cook County residents face large increases in their property tax bills this year, one south suburban mayor wants to guarantee his city won't raise taxes next year and urged other municipalities to follow suit.
A reassessment done by the Cook County Assessor's office has led to the increases along with levies in various communities for things like schools, libraries, and parks.
Homeowners in the south suburbs said the property tax increase is a huge burden for them because the cost of basic necessities are skyrocketing. CBS 2's Suzanne Le Mignot reports.
A reassessment done by the Cook County Assessor’s office has led to the increases along with levies in various communities for things like schools, libraries, and parks. CBS 2's Suzanne Le Mignot reports.
The second installment for tax year 2023 is due August 1.
In 2023 south suburban property taxes are up just shy of 20% on average, setting a new record. In two towns, Dixmoor and Phoenix, tax bills have more than doubled.
They're being sent out that same week. The second installment for tax year 2023 is due August 1. This marks the first time in two years that Cook County officials have mailed both installments for a property tax year on time.
Cook County Treasurer Maria Pappas said low turnout in recent elections means a fraction of voters have a say on referendums that impact everyone's bottom line.
A minority of voters have decided on multiple property tax-related referendums in recent elections, according to a study by Cook County Treasurer Maria Pappas.
The decision wasn't final as the Bears and three school districts in the Arlington Heights area have until Saturday to negotiate a lower valuation.
