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Chicago council blocks mayor’s tax plan, opts for alternative revenue measures amid looming shutdown.
The Chicago City Council has defeated Mayor Brandon Johnson’s corporate head tax proposal, passing a revised budget that rejects his $166 million borrowing plan and $33 monthly fee on large firms.
Instead, the council’s alternative raises garbage fees, taxes short-term rentals and liquor sales, and explores video gambling and debt sales, aiming to generate $409 million in new revenue.
The plan also fully funds a $260 million pension payment and identifies efficiency savings.
With 27 alderpersons supporting the override, the council is poised to challenge the mayor’s fiscal approach, marking a major power shift as a government shutdown looms.
El consejo de Chicago bloquea el plan de impuestos del alcalde, opta por medidas de ingresos alternativas en medio del cierre inminente.