By Dylan Sharkey of Illinois Policy
Chicago is on the verge of adding $233.9 million in new tax hikes as part of the city’s $17.3 billion budget for 2025, if aldermen pass Mayor Brandon Johnson’s proposals.
Johnson’s tax increases include hikes in property taxes, personal property leases, the city shopping bag tax and the tax on streaming services. Hikes are hitting vehicles with more speed cameras, parking taxes and rideshare fees.