Property-tax hike dropped, loan included in updated Chicago spending plan
The Chicago City Council on Monday approved a new budget without a property-tax increase, but many aldermen say the mayor still needs to cut spending. The council voted 27-23 in favor of a $17.1 billion dollar budget,
Chicago Nixes Property-Tax Hike as Olympic Loan Payment Extended
Chicago Mayor Brandon Johnson is reversing his plan to raise property taxes by offering to use some bond refinancing savings and defer a loan repayment to close the budget deficit.
Latest Chicago budget proposal drops property tax hike, relies on skipping $40 million loan repayment
After weekend negotiations, Mayor Johnson and alders have a new budget proposal with no property tax hike. A public finance expert weighs in.
Chicago passes budget with no property tax hike
Chicago City Council voted to pass Mayor Brandon Johnson's $17.3 billion budget proposal on Monday, but not before opponents and onetime allies took turns criticizing the process and Johnson's leadership.
Chicago ditches property-tax hike, narrowly approves $17B budget
Mayor Brandon Johnson’s 2025 budget plan narrowly passed the City Council by a 27-23 vote, avoiding a government shutdown after a turbulent cycle. The budget relies on $40 million by restructuring debt on the Michael Reese Hospital site in Bronzeville,
Chicago City Council passes budget without property tax hike
Mayor Brandon Johnson eked out a victory on Monday with the narrow passage of a $17.3 billion municipal budget plan that does not raise property taxes. The 27-23 vote comes just weeks before the end-of-the-year deadline and avoids what would have been the city's first shutdown of the city government.
Biden's student loan forgiveness 'Plan B' is in its 'last step,' expert says. What borrowers need to know
The Biden administration is still taking steps to deliver sweeping student loan forgiveness to millions of Americans.
Gov. Green prioritizes affordability, housing in biennium budget proposal
Gov. Green submitted the Executive Budget to the legislature Monday and said the priorities are housing, health care, ...
Small Oregon school district gets $2 million emergency loan after budgeting errors
A tiny east Multnomah County school district has secured a loan that its superintendent said is necessary to keep its ...
Johnson's latest budget proposal has no property tax hike, cuts 10 jobs from his office
Mayor Brandon Johnson on Sunday was briefing members of the Chicago City Council on his latest ideas to get his 2025 budget ...
Tackling Student Loan Debt In Times Of Uncertainty
Sonia Lewis is focused on ensuring that students from underrepresented backgrounds can repay their loans or have them ...
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Chicago City Council passes Mayor Brandon Johnson’s 2025 budget
CHICAGO - The Chicago City Council finally passed Mayor Brandon Johnson ’s 2025 budget on Monday with a 27-23 vote, following ...