Watch CBS News

Mayor Brandon Johnson floats ideas for filling Chicago's $1.1 billion budget gap

Name: Mayor Brandon Johnson floats ideas for filling Chicago's $1.1 billion budget gap
Uploaded: 2025-07-29T17:08:00-0500
Duration: 2 min 23 s
Description: The city of Chicago has a massive $1.1 billion budget gap to fill for 2026, and with Mayor Brandon Johnson promising not to once again pitch a property tax hike – which the City Council unanimously rejected for 2025 – the mayor said Tuesday he's looking at creative ways to raise tax dollars.

The city of Chicago has a massive $1.1 billion budget gap to fill for 2026, and with Mayor Brandon Johnson promising not to once again pitch a property tax hike – which the City Council unanimously rejected for 2025 – the mayor said Tuesday he's looking at creative ways to raise tax dollars.