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.

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%.

Chicago alderman Anthony Napolitano reacts to Windy City residents outraged over Mayor Brandon Johnson's proposed massive tax hike to cover the cost of the migrant crisis.

A proposed alcohol tax hike will hit immigrant-owned liquor stores while city spending on nonessential projects remains high.

Mayor Brandon Johnson laid out a new proposal for the City of Chicago's 2025 budget on Tuesday, this time with a $300 million property tax hike.