US EditionAlders Vote to Approve Alternate Budget without Johnson's Proposed Head Tax
The $16.7 billion budget closes a $1.2 billion gap without the $33-per-worker corporate head tax, shifting most new taxes to businesses, which bear 84% of the load, officials said.
- On Friday, the Chicago City Council passed a $16.7 billion budget by a 29-19 vote, excluding Mayor Brandon Johnson's corporate head tax.
- In an 11th-hour move, Mayor Brandon Johnson sought to reintroduce the $33 corporate head tax to help close a nearly $1.2 billion budget gap.
- The revenue package includes a 15% cloud computing tax, a $260 million advanced pension payment restored by a $139.9 million increase, plus $29.3 million in advertising and a $26 million congestion fee.
- With deadlines looming, officials warn the budget must be resolved before Dec. 30 to avoid a shutdown, and Mayor Brandon Johnson has not decided whether to veto it, leaving veto‑proof votes uncertain.
- Credit agencies and the Civic Federation warn reliance on borrowing and one‑time revenues raises fiscal risks, with the threat of credit downgrade remaining real.
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Chicago Mayor Brandon Johnson attempts last-minute reintroduction of head tax in budget before full City Council vote Saturday
Chicago%20Mayor%20Brandon%20Johnson%20attempted%20a%20last-minute%20reintroduction%20of%20his%20head%20tax%20in%20the%20city%20budget%20before%20a%20full%20City%20Council%20vote%20Saturday.
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Chicago aldermen pass revenue package, business groups express concern
(The Center Square) – Chicago aldermen have approved a revenue package that does not include Mayor Brandon Johnson’s corporate head tax, but business advocates are expressing concerns about the measure’s taxes and fees.
City Council approves alternate revenue plan — minus Mayor Johnson's corporate head tax
The final vote was 29-19. That's five votes short of the 34 votes that would be needed to override a mayoral veto. But opposition alderpersons said they believe they would pick up the remaining votes if Mayor Brandon Johnson does issue a veto.
Capitol Fa - Your Illinois News Radar » Civic Federation warns Chicago city council budget could trigger credit downgradeCapitolFax.com
* Chicago Tribune editorial board… Despite our misgivings, we believe the opposition alders, who have performed remarkably well in hashing together an alternative [budget] in the face of a mulish and unhelpful administration, deserve support from the full council as this budget makes its way through the process in the next few days. As Ald. Lee [...]
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