Mayor Brandon Johnson’s latest plan to try to get aldermen to pass his budget for 2025 contains no increase in property taxes, thanks to a combination of cuts and a controversial idea to extend the deadline to pay back $40 million in debt,

The Finance Committee’s 14-12 vote and Budget Committee's 17-to-16 vote set the stage for the marathon budget stalemate to end Friday, averting what might have been Chicago's first budget shutdown.

CHICAGO (CBS) — Mayor Johnson has called off Friday's 2025 city budget vote. Sources told CBS News Chicago Johnson didn't have enough votes to pass the budget. The city needs a budget by the end of the year or it could result in a city shutdown.