Mayor Brandon Johnson is now proposing hiking Chicago property taxes by $150 million, down from his original $300 million recommendation for 2025 that was unanimously struck down by the City Council last week.

Chicago Mayor Brandon Johnson laid out his latest 2025 budget proposal for Chicago Tuesday, which includes a $150 million property tax hike.

Members of the City Council say they want to see further reductions to the mayor's initial $300 million property tax hike before signing off on a 2025 budget.

Mayor Brandon Johnson on Tuesday took a shot at critics as he proposed new taxes and savings to make up a budget shortfall in his $17 billion proposed municipal budget.

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%.

Mayor Brandon Johnson is now proposing hiking Chicago property taxes by $150 million, down from his original $300 million recommendation for 2025 that was unanimously struck down by the City Council last week.

Following last week's sound rejection of his $300M property tax hike proposal, Chicago Mayor Brandon Johnson accused some alders of "having tantrums" as the calendar ticks toward the end of the year deadline.

As tensions build, the outcome could reshape Chicago’s approach to tackling its nearly $1 billion budget deficit.

Mayor Johnson confirms reports that his office has crafted a framework for a fiscal 2025 Budget that would cut the $300 million property tax increase he first proposed in half. But, he says, don’t call it “deal” as some have.