Mayor Brandon Johnson is now proposing hiking Chicago property taxes by $150 million, down from his original $300 million recommendation for 2025 that was unanimously struck down by the City Council last week.

Dozens of Chicago alderpeople are expected to vote down Mayor Brandon Johnson's proposed $300 million property tax hike proposal during a special city council meeting on Thursday. Mayor Brandon Johnson wouldn't commit on Tuesday when asked if he would support possible alternatives to his proposal to raise property taxes to close a nearly $1 billion budget gap for 2025.

Mayoral aides and some Council members have agreed to cut the proposed increase in half as talks continue. The largest chunk of new revenue — $128 million — will come from raising the personal property lease tax on cloud computing to 11%.

The City Council will take a vote Thursday on Mayor Brandon Johnson’s proposed $300 million property tax hike, announced when he unveiled his $17.3 billion city budget for 2025 last month. That means the mayor could make it official that he’s essentially giving up on his proposed property tax hike for city residents,

As tensions build, the outcome could reshape Chicago’s approach to tackling its nearly $1 billion budget deficit.

The mayor and council members are now negotiating hikes to taxes and fees on alcohol, streaming services and garbage collection, among others.

Chicago City Council unanimously rejected Mayor Johnson's proposed $300 million property tax increase without debate.

Chicago alderman Anthony Napolitano reacts to Windy City residents outraged over Mayor Brandon Johnson's proposed massive tax hike to cover the cost of the migrant crisis.