The overwhelming vote was largely symbolic. Negotiations to reduce or eliminate the property tax hike and replace it with a mix of new revenue and reprogrammed federal pandemic relief funds began last weekend.

In a special meeting, Chicago's City Council voted unanimously to remove the mayor's proposed $300 million property tax increase from the 2025 budget plan. Why it matters: The removal of the tax hike will force Mayor Brandon Johnson to make hard decisions on other ways to generate more revenue or where to make cuts to city services.

The Chicago City Council on Thursday rejected Mayor Brandon Johnson’s plan to raise property taxes by $300 million that would have helped close a budget gap of nearly $1 billion for next year.