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flag Chicago council blocks mayor’s tax plan, opts for alternative revenue measures amid looming shutdown.

flag 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. flag 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. flag The plan also fully funds a $260 million pension payment and identifies efficiency savings. flag 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.

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