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.

The 29 council members who asked for the meeting are critical of Mayor Brandon Johnson’s plan to close a gaping budget hole next year in part by raising property taxes.

Dozens of aldermen called for a special meeting to vote down the mayor's proposed $300 million property tax increase.

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.

One day before City Council plans to say no to his $300 million property tax hike, Mayor Brandon Johnson publicly walked away from his proposal.

Mayor Brandon Johnson is vowing to work with City Council members who are dead set on lowering or eliminating the property tax increase he has proposed.