>> Brandon Johnson unveiled his 17.6 billion dollar spending plan for 2027 today and once again is urging City council to hike taxes on the biggest corporations in Chicago.

Johnson sought to frame the debate over the city's spending plan as a choice between the status quo.

But he says has left too many Chicagoans scrambling to make ends meet while those enriching while enriching those who need it, the least.

>> But as plant the seeds of affair, Chicago.

We do not have to accept the way things are simply because that is the way that they've always been.

We know what happens when inequality deepens.

And when we abandon our responsibilities to one another.

And we should never accept the notion that asking those with the greatest means to pay their fair share that somehow that will come at the economic expense of economic growth.

It's a lie.

>> There had to.

Sharon joins us now with more.

Heather.

So, you know, for the second year in a row, the heart of Johnson wants to impose a so-called head tax on big firms.

Break it down for us.

Well, his proposal would impose a $25 per month per employee tax on firms with more than 100.

And 25 employees.

Now he would exempt firms whose employees work in quote, unquote, socially economically disadvantaged areas as determined by the federal government.

That includes most of the south and West side.

He says that that could incentivize corporations to move employees to areas of the cities that have suffered for decades without many jobs are other opportunities.

But it's not the only tax hike on corporations that Johnson has proposed a change in the personal property lease tax would generate 234 million dollars under Johnson's proposal.

Now that task, it's levy on all rental transactions, but Johnson says it's actually attack on a tax on big tech because it applies to cloud software and he says they need to pay more to help the city threat.

Johnson also proposed borrowing nearly a half-billion dollars.

Why?

Well, he says the city needs it to resolve a wide range of lawsuit alleging that Chicago Police Department officers have committed misconduct.

The most expensive of these lawsuits, a wrongful convictions and improper pursuits.

We here at W T Tw have been reporting quite extensively on this issue.

And the bill is coming due.

Johnson said it would cover the cost resolving 16 lawsuits.

That name disgraced former detective Reynaldo Guevara.

That's 261 million dollars.

It would also set up 120 million dollars that the city is already obligated to pay and set aside another 100 million dollars to cover future settlements.

Now that's on top of another 135 million dollars set aside in the which means that this cost cost of these lawsuits is really quite astronomical.

Yes, yes, it is.

It is the spending plan also calls for more than 130 million dollars in new spending.

>> How does the mayor won't spend that money?

Will he wants open a new mental health clinic?

Of course, when they were closed in 2011 by former Mayor Rahm Emanuel, he wants to expand services for unhoused Chicagoans.

He also wants to expand the budget for the Chicago Public Library and he wants to expand the number of community violence interrupters that are out on Chicago streets.

He credits those programs with reducing Chicago's homicide rates to a near 60 year low.

He says the city should double down on what's working.

Okay.

What happens next?

Well, we're about to go into 2 weeks of budget hearings were older.

People will scrutinize those proposals and quiz department leaders about how they plan to spend this money that will trigger intense debate exacerbated by the fact that all 50 older people and the mayor are up for reelection in February, which will just ratchet the tension up at City Hall quite a bit.

Have to come to an agreement before the end of It's always a good time during budget and election year, Sharon and we've got some other incoming join us shortly.

So >> had a strong thanks so much.

Thanks, Brandis.

And you