Johnson Revives Corporate Head Tax in 2027 Budget Amid Council Opposition
Chicago Mayor Brandon Johnson is set to unveil a 2027 budget proposal that reintroduces a corporate head tax and increases the personal property lease tax. The plan aims to address an $880 million deficit by targeting large businesses while avoiding property tax hikes for residents. The proposal includes a $480 million borrowing measure for police settlements and faces immediate opposition from a coalition of aldermen who previously rejected similar measures.