(CHICAGO) — As Mayor Brandon Johnson prepares to introduce his proposal to close a $1.15 billion budget shortfall, several City Hall sources are saying that Johnson will propose a corporate head tax to help fill that shortfall.
Some alderman have been vocal against such a tax saying it could drive businesses out of the city.
Chicago had a head tax for decades before Mayor Rahm Emanual eliminated it during his time in office. Before it went away, the city taxed companies with 50 employees or more $4 per head.
The mayor’s budget taskforce has made a number of proposals including cutting the police departments mounted unit, raising fines and fees including on garbage collection, as well as dozens of other cost saving ideas.
Copyright 2025 WLS News
