Chicago budget battle escalates as Mayor Johnson holds firm on corporate tax
City Hall will be busy again Monday with Mayor Brandon Johnson’s budget back on the table as he holds firm to his corporate tax plan to help close a projected $1.9 billion budget gap.
Mayor Brandon Johnson is proposing a corporate head tax and an increase in the personal property lease transaction tax to close a projected $1.19 billion budget shortfall, while some aldermen are pushing for more discussion and efficiencies.
Mayor Brandon Johnson has called for a two-week pause in the budget making process after his proposed corporate head tax was rejected, and alders are now working to come up with alternative revenue ideas.
CHICAGO — Mayor Brandon Johnson met with reporters Thursday as he continues to stand behind his cooperate head tax proposal for the city's budget. This corporate head tax charges big businesses a fixed fee per employee. Some aldermen and business groups are widely against it. Johnson says the tax burden…