Mayoral aides and some Council members have agreed to cut the proposed increase in half as talks continue. The largest chunk of new revenue — $128 million — will come from raising the personal property lease tax on cloud computing to 11%.

Dozens of Chicago alderpeople are expected to vote down Mayor Brandon Johnson's proposed $300 million property tax hike proposal during a special city council meeting on Thursday. Mayor Brandon Johnson wouldn't commit on Tuesday when asked if he would support possible alternatives to his proposal to raise property taxes to close a nearly $1 billion budget gap for 2025.

The overwhelming vote was largely symbolic. Negotiations to reduce or eliminate the property tax hike and replace it with a mix of new revenue and reprogrammed federal pandemic relief funds began last weekend.

Chicago City Council unanimously rejected Mayor Johnson's proposed $300 million property tax increase without debate.

This week’s topics include alders rejecting Mayor Johnson’s proposed $300 million property tax hike, President-elect Donald Trump’s latest appointees to his cabinet, and more. Copyright 2024 Nexstar Media,

WGN Political Analyst Paul Lisnek joined WGN Evening News to discuss several big stories from the week. This week's topics include alders rejecting Mayor Johnson's proposed $300 million property tax hike,

It’s back to the drawing board for Mayor Brandon Johnson after the city council defeated his $300 million property tax hike proposal. The vote was unanimous. The proposed property tax hike was unpopular from the moment it was introduced.