Dozens of Chicago alderpeople are expected to vote down Mayor Brandon Johnson's proposed $300 million property tax hike proposal during a special city council meeting on Thursday. Mayor Brandon Johnson wouldn't commit on Tuesday when asked if he would support possible alternatives to his proposal to raise property taxes to close a nearly $1 billion budget gap for 2025.

The Chicago City Council on Thursday rejected Mayor Brandon Johnson’s plan to raise property taxes by $300 million that would have helped close a budget gap of nearly $1 billion for next year.

The mayor and council members are now negotiating hikes to taxes and fees on alcohol, streaming services and garbage collection, among others.

The Chicago City Council will continue budget hearings this week while Mayor Brandon Johnson's proposed $300 million property tax increase is top of mind for aldermen. Many city leaders have called for a special meeting to reject the proposed increase to make room for alternative solutions to close a nearly $1 billion projected deficit.

Alders are expected to vote Thursday to reject Mayor Brandon Johnson's $300 million property tax hike, aimed at closing a $1 billion gap in the city's budget. Why it matters: The hike would boost taxes by 4.

Chicago Mayor Brandon Johnson is calling an audible, as he walks back his proposal for a $300 million property tax hike to balance the budget.

Mayor Brandon Johnson wouldn't commit on Tuesday when asked if he would support possible alternatives to his proposal to raise property taxes to close a nearly $1 billion budget gap for 2025. Members of the City Council have voiced their opposition to raising property taxes.