CHICAGO (CBS) — Mayor Brandon Johnson canceled Friday’s 2025 city budget vote.
Sources told CBS News Chicago that Johnson did not have enough votes to pass the budget.
The city council meets Friday at 10 a.m
The city needs a budget by the end of the year or it could result in a city shutdown.
With the deadline is fast approaching, bottlenecks remain unresolved. Mayor Brandon Johnson brought his Increase property taxes by $300 million reduced to $68.5 million, but some councilors say that is still too high.
The mayor does not want job losses and an increase in property taxes. Many councilors said job losses would be needed, as well as cuts to city department budgets, before tax increases would be greenlit.
In addition to the property tax increase, the Johnson administration is proposing tax increases on cable and streaming services to generate $13 million in new dollars, $11 million from an increased city garage tax, a new fare tax to bring the city $8.1 million more to earn. , and just over $5 million more from an increased bag tax at checkout.
The mayor needs half of the city council plus one – 26 alders – to agree to the plan.
While Alders appeared split earlier this week On whether a budget deal will be approved by the end of this week, as the mayor hopes, they seemed to agree that the city will not be on the verge of missing the Dec. 31 deadline and facing a shutdown .
This is a development story. CBS News Chicago will continue to provide updates as new information becomes available.
