Johnson's Budget Provides Big Raises Along with Tax Hikes
The plan includes $131.5 million in new spending, $286 million for Chicago Public Schools and a revised corporate head tax.
- On Monday, the Chicago City Council began department-by-department hearings on Mayor Brandon Johnson's $17.6 billion budget proposal, which includes $131.5 million in new spending and a revised corporate head tax.
- Mounting resistance from the City Council follows Mayor Johnson's inclusion of a $480 million bond proposal to cover police misconduct settlements, alongside the corporate head tax targeting companies with more than 125 employees.
- Acting Budget Director Jonathan Ernst defended the plan, citing nearly three-quarters of a billion dollars in cumulative spending efficiencies, though Ald. Brendan Reilly questioned the reliance on non-structural revenues to address the city's $882 million structural gap.
- CFO Ashlee Gabrysch faced aldermen's questions on borrowing costs, as city officials estimated a 6.923% interest rate on the first $350 million in bonds expected to be issued in 2027.
- Mayor Johnson needs at least 26 votes from the 50-member City Council to pass the budget, while his team explores legislative pushes for the upcoming veto session later this year.
18 Articles
18 Articles
Chicago aldermen fight Johnson’s $17.6B budget
(The Center Square) – Chicago City Council members are grilling department heads over Mayor Brandon Johnson’s proposed $17.6 billion budget for 2027, setting up what could be a contentious road to the Dec. 31 deadline.
Johnson’s budget provides big raises along with tax hikes - Regional Media News
(The Center Square) - Along with new taxes and tax increases, Chicago Mayor Brandon Johnson's $17.6 billion budget proposal for 2027 includes five-figure raises for dozens of city department heads and assistants. Alderman Raymond Lopez called out the pay increases during a Committee on Budget [...]
Star Local
Johnson's budget provides big raises along with tax hikes
(The Center Square) – Along with new taxes and tax increases, Chicago Mayor Brandon Johnson’s $17.6 billion budget proposal for 2027 includes five-figure raises for dozens of city department heads and assistants.
Johnson Defends Budget Proposal, Says Taxing Corporations Is a ‘Reasonable Expectation’
Johnson Defends Budget Proposal, Says Taxing Corporations Is a ‘Reasonable Expectation’ Andrew Montequin Thu, 10/29/2026 - 18:43 Mayor Brandon Johnson is fighting for his political life on two fronts. In February, he’ll face voters and up to 15 challengers in his bid for a second term on City Hall’s fifth floor. But before then, he’ll work to sway some of the stiff opposition among City Council members who successfully passed their own version o…
Chicago Mayor Brandon Johnson presented a US$17.6 billion budget for 2027 on October 21, which includes new taxes, investments in public services and spending cuts.The proposal seeks to close a US$882.4 million deficit, but faces resistance from a coalition of 29 councillors that specifically questions the tax on big businesses.What new taxes does the mayor of Chicago propose for 2027?According to the official presentation of the municipal gover…
Hanford Sentinel
In Chicago Mayor Brandon Johnson’s fourth budget fight, is it ‘class war’ or reelection war?
CHICAGO — Mayor Brandon Johnson’s usual critics in the City Council and Chicago’s business community piled on as soon as his fourth budget proposal leaked last week, but the appetite for another full-out revolt is missing — for now. “We…
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