Chicago's mayor budget plan rejected City Council proposes one

Mayor want a city's corporate head tax, City Council rejected it and will try to their own plan.

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The mayor and City Council have until Dec. 30 to approve a balanced budget or face an unprecedented city government shutdown.

The City Council Finance Committee was expected to vote on the budget package on Tuesday, after the mayor's office told the panel it would not call Johnson's budget plan for a vote.

On Monday, several of the mayor's opponents met with Johnson at City Hall to discuss their alternate budget plan.

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The City Council's plan would include-
-naming rights

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Aldermen also have proposed more than $35 million in new revenue from various advertising opportunities, such as selling naming rights to bridge houses along the Chicago River, selling banners on light poles, allowing advertising on city vehicles, and selling augmented reality ads on city property such as at Millennium Park or along the Chicago Riverwalk.

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-selling debt

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city could bring in nearly $90 million in revenue by selling some of the $1 billion in debt owed to the city from unpaid fines and fees

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-video poker

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The aldermen's bid to lift the city's ban on video gambling terminals assumes 80% of the 3,3300 eligible businesses would apply for licenses

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-raising taxes on plastic bags and liquor
-expand the use of warranties to recover vehicle repair costs
-reduce legal costs by relying more on city lawyers and less on private firms and have the city self-insure against high-cost claims (meaning they don't need high priced lawyers because they aren't going to pay the claims)

Will be interesting to see who prevails