Chicago Mayor Brandon Johnson won't raise property taxes in his $16.6B 2024 budget proposal, a welcome relief to a business community antsy after his election. While the full details of the budget aren’t yet known, Crain’s Chicago Business reports the mayor will instead close a $538M budget gap by relying on eliminating city vacancies, refinancing debt and tapping into the reserves of the city’s tax increment financing districts. 
“It will take time, as this is just the first of many budgets, but we are going to see, Chicago, what happens when water hits that dry land,” Johnson will tell members of the city council, according to prepared remarks provided to Crain’s. Johnson aims to approve the budget by Nov.… Read the full story here. | 
