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, which would amount to a 4% increase for homeowners. The special City Council meeting is at 2 p.m. Thursday, two days after the mayor pivoted Tuesday from his proposal to raise property taxes. That proposal came when Johnson unveiled his 2025 budget, the mayor saying it was either a property tax increase or laying off city workers like police officers and firefighters as Chicago deals with a nearly $1 billion budget gap.

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