“None of these issues that they need to settle will be worth the consequence of six, seven days or how many ever days out of school,” Mayor Brandon Johnson said.

The new 21-member, partially elected CPS board is set to vote Thursday on whether to make that pension payment and figure out how to pay for new contracts with the unions representing teachers and principals.

The measure passed by the narrowest possible margin with the support of the entire Progressive Caucus and all but four members of the Black Caucus.

The Chicago City Council is set to vote on the proposal Wednesday, after a week-long delay fueled by outrage whipped up on social media, the budding 2027 race for mayor and the lack of trust many alderpeople have in Mayor Brandon Johnson’s ability to steer the city through rough financial seas.

During the past six years taxpayers have spent at least $472.4 million to resolve police misconduct lawsuits, setting a new record, according to a WTTW News analysis.

Mayor Brandon Johnson slammed S&P’s decision to downgrade the city’s credit rating, saying it was based on inaccurate information.

Nearly 70% of those revenues came from the $44 million in flat fees Bally’s agreed to pay in 2023 and 2024 as part of the deal approved by the City Council in 2022 that ended a 30-year effort to bring casino gambling to Chicago.

The city’s spending plan relies on tax and fees hikes of $165.5 million, including a 2% increase in the tax levied on software licenses, cloud services and other digital goods as well as a 1.25% increase on subscriptions to streaming and cable television services.

Chicago’s $17.1 billion spending plan is now in place for 2025 — but it didn’t come easily. Forceful pushback from alderpeople blocked property tax hikes — but the budget still includes $165.5 million in additional taxes and fees to generate revenue.

The budget passed 27-23, with just 18 days to spare, averting an unprecedented shutdown of city government.

The spending plan still calls for a host of other taxes and fees to rise by an additional $165.5 million, including increases in the taxes levied on software licenses, cloud services and other digital goods as well as subscriptions to streaming and cable television services.

The mayor’s decision to delay the budget vote is an acknowledgment that the spending plan that would hike property taxes by $68.5 million and increase a host of other taxes and fees by an additional $165.5 million does not have enough votes to pass the Chicago City Council.

If the verdict is upheld, it would nearly equal city’s annual $82 million budget to cover the cost of police misconduct lawsuits.

Two key Chicago City Council committees voted Tuesday to send Johnson’s $17.3 billion spending plan for 2025 to the full City Council for a final vote. The two-step process is set to start Wednesday, with a final vote scheduled for Friday.

“A budget that would lay off workers and cut services is just, you know, one that should not be tolerated by any Chicagoan,” Mayor Brandon Johnson said.

The new plan comes after the Chicago City Council rejected Johnson’s first two proposals to raise property taxes in order to avoid draconian cuts to city services and thousands of layoffs.