The city of Chicago is facing a massive budget shortfall heading into 2024 of about $538 million, but Mayor Brandon Johnson says he doesn't want to raise property taxes.
Anticipating the influx of migrants will only get worse, the Johnson administration said about a third of the estimated shortfall, or about $200 million, is needed to pay for new arrivals.
While Johnson is committed to holding the line on a property tax increase, Pacione-Zayas said all other taxing options are on the table to help shore up the budget gap. The city said there will be some cost savings by replacing private, out-of-state shelter and meal service contracts with local community-based organizations, but housing new arrivals remains a big cost. Pacione Zays said the administration's proposal to move migrants out of police stations into winterized base camps for 1,000 people will cost $5.6 million a month to operate.
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