Mayor Brandon Johnson is now proposing hiking Chicago property taxes by $150 million, down from his original $300 million recommendation for 2025 that was unanimously struck down by the City Council last week.

CHICAGO (CBS) -- Mayor Brandon Johnson decided not to attend the funeral for fallen Chicago Police Officer Enrique Martinez on Monday after a back-and-forth with Martinez's family— who had asked him not to attend.

Mayoral aides and some Council members have agreed to cut the proposed increase in half as talks continue. The largest chunk of new revenue — $128 million — will come from raising the personal property lease tax on cloud computing to 11%.

Chicago’s budget gap could grow even bigger thanks to a tax flap in Springfield that is expected to set the city back another $40 million in revenue next year. Following an amendment this week on the prepaid cellphone tax during the Illinois General Assembly’s veto session,

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

Mayor Brandon Johnson is all but giving up on his proposed $300 million property tax hike before aldermen kill it, and pushing them to find other revenue in its place to avert layoffs. Johnson’s administration is combing over alternatives to the tax jump after members of the City Council scheduled a special meeting in the hopes of voting it down.

A coalition of bars, restaurants, brewers and distributors are uniting to push back against Mayor Brandon Johnson’s proposed 35% increase on alcohol taxes in Chicago.

Chicago bar and restaurant owners said Wednesday that Mayor Brandon Johnson’s proposed 35% tax hike on liquor sales would be ruinous to their businesses, in the latest opposition to his 2025 budget plan — which the mayor complained is another example of critics not offering alternative solutions.

Johnson wants to halve property tax increase Chicago Mayor Brandon Johnson says he’s in talks with city aldermen about cutting his proposed $300 million property tax increase by half. Last week, city aldermen unanimously voted against the proposal.