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flag Chicago's council rejected Mayor Johnson's $600M tax plan, stalling the 2026 budget and risking service disruptions.

flag Chicago’s City Council Finance Committee rejected Mayor Brandon Johnson’s $600 million tax proposal, including a corporate head tax, in a 25-10 vote, dealing a major setback to his budget efforts. flag The decision, driven by concerns over tax increases amid rising homeowner costs, halted progress on the 2026 budget, pushing approval into early December. flag The rejection follows failed negotiations and deep divisions, particularly over the head tax on large employers. flag Johnson, facing weakened political leverage, has paused further voting, leaving the city with a $1.8 billion borrowing plan for capital projects, legal settlements, and retroactive pay. flag Without a new agreement, a prolonged budget standoff looms, risking disruptions to city services.

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