Mayor Johnson weighs revenue options as $1B deficit looms for City
Photo byDillon KyddonUnsplash
CHICAGO – As Mayor Brandon Johnson prepares to unveil his budget plan in just two weeks, the Civic Federation, a key fiscal watchdog, is urging the city to avoid raising property taxes, if possible, in its effort to close a nearly $1 billion budget shortfall. With residents already feeling the pinch from rising property values, the group insists the city needs to consider other solutions before asking homeowners to pay more.…