Good afternoon, Chicago.
Mayor Brandon Johnson is all but giving up on his proposed $300 million property tax hike before aldermen kill it, and pushing them to find other revenue in its place to avert layoffs.
Johnson’s administration is combing over alternatives to the tax jump ahead of a meeting Wednesday where the City Council is expected to vote it down . His team has presented an array of options to cut the property tax increase in half, potentially replacing that money with federal COVID-19 funds, a higher monthly garbage collection fee or various smaller tax hikes.
Here’s what else is happening today. And remember, for the latest breaking news in Chicago, visit chicagotribune.com/latest-headlines and sign up to get our alerts on all your devices.
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Chicago Bears reconsidering Michael Reese Hospital site with lakefront stadium proposal stalled
The Bears are reconsidering the former Michael Reese Hospital site as a potential location for a new stadium, a source said, but the team remains focused on the lakefront. Read more here.