Mayor Johnson Proposes New Taxes to Fund City Budget and Avoid Layoffs
TL;DR Summary
Mayor Brandon Johnson proposes a $16.6 billion budget for 2026, featuring increased taxes on corporations, social media companies, and cloud computing to address a budget shortfall and fund community safety programs, while facing opposition from business leaders and concerns about economic impact.
Topics:nation#chicago-budget#corporate-head-tax#local-government#public-safety-funding#social-media-tax#tax-proposals
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