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 ahead of a meeting Wednesday where the City Council is expected to vote it down.

The Chicago City Council will continue budget hearings this week while Mayor Brandon Johnson's proposed $300 million property tax increase is top of mind for aldermen. Many city leaders have called for a special meeting to reject the proposed increase to make room for alternative solutions to close a nearly $1 billion projected deficit.

Alders are expected to vote Thursday to reject Mayor Brandon Johnson's $300 million property tax hike, aimed at closing a $1 billion gap in the city's budget. Why it matters: The hike would boost taxes by 4.