Chicago mayoral election candidate Brandon Johnson unveils tax plan

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Chicago mayoral election candidate Brandon Johnson unveils tax plan
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Chicago mayoral challenger Brandon Johnson unveiled a tax-the-rich plan to bankroll $1 billion in new spending for public safety, schools and more.

United Working Families, a progressive group affiliated with the Chicago Teachers Union that has joined the CTU in endorsing Johnson, has long championed a $4.5 billion wish list of revenue-generating ideas it says would level the playing field between Chicago's haves and have-nots.It includes a 3.

"As mayor, Brandon Johnson will not raise property taxes on Chicago families. Property taxes are already painfully high." Funneling $100 million per year from tax increment financing surpluses into the corporate fund that essentially serves as the city's checking account. "The revenues and efficiencies in this plan add up to about $2 billion total to close Chicago's current, $1 billion structural deficit and add another $1 billion in new investments from the Better Chicago Agenda," Johnson's plan states.

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