The overwhelming vote was largely symbolic. Negotiations aimed at reducing or eliminating the property tax increase and replacing it with a healthy mix of new revenues 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.

Members of City Council will now be able to take credit with their constituents for shooting down an unpopular budget proposal from Mayor Brandon Johnson that was essentially already dead.

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

Dozens of Chicago alderpeople are expected to attend a special city council meeting on Thursday. They're expected to vote down Mayor Brandon Johnson's $300 million property tax hike proposal. Mayor Brandon Johnson wouldn't commit on Tuesday when asked if he would support possible alternatives to his proposal to raise property taxes to close a nearly $1 billion budget gap for 2025.

The City Council will take a vote Thursday on Mayor Brandon Johnson’s proposed $300 million property tax hike, announced when he unveiled his $17.3 billion city budget for 2025 last month. That means the mayor could make it official that he’s essentially giving up on his proposed property tax hike for city residents,