CHICAGO (WLS) -- Chicago Mayor Lori Lightfoot won't be recommending a property tax hike when she presents her official budget proposal to the City Council on Monday.
The mayor had previously announced plans for a 2.5% raise, but in a statement released Thursday said the city's revenues are exceeding estimates, allowing it to avoid the tax hike for the next fiscal year.
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"I have heard from residents and businesses across our city that continue to recover from the pandemic and have supported this strong recovery in City's revenues," the mayor said in a statement. "This one time relief keeps our city on the course we've set in our previous budgets: protecting taxpayers, keeping our promises to workers on pensions, and making historic investments in public safety, mental health and public health in general and much more."