Mayoral Hopeful Vows No Property Tax Hikes, Proposes Millionaire Tax and $22 Minimum Wage

August 27, 2026
Mayoral Hopeful Vows No Property Tax Hikes, Proposes Millionaire Tax and $22 Minimum Wage
  • Giannoulias pledges not to raise Chicago property taxes if elected and says any new revenues would require action in Springfield, including a potential 3% tax on millionaires, while vowing to reverse automatic inflation-based increases from the previous administration.

  • On public safety, he calls for adding 1,000 to 1,500 officers and bringing back the ShotSpotter gunshot-detection system.

  • In remarks about governance, he avoided sharp critiques of Mayor Brandon Johnson’s staffing but urged greater transparency about hires and staff changes.

  • His policy agenda includes continuing annual supplemental payments to underfunded city pension funds, raising the minimum wage to $22 an hour, and universal pre-K.

  • Regarding data centers, he backs responsible development that won’t raise residents’ utility bills and opposes an outright moratorium on new facilities.

  • He cites San Francisco Mayor Daniel Lurie as an admired leader for public safety and urban revitalization, using that model to frame his own approach.

  • Concordia announces leadership changes: Matthew Swift becomes Executive Chairman and Rodney Ferguson is named CEO Designate, with Ferguson later becoming President & CEO.

  • He argued that linking Johnson to former Mayor Rahm Emanuel and billionaire Michael Sacks is unfounded, dismissing such associations as ridiculous and desperate.

  • He stresses the importance of strong relations with Springfield to secure new revenue and notes that measures like a millionaire’s tax would require constitutional changes and a referendum.

  • He promotes environmentally responsible development that minimizes utility costs and supports projects avoiding large rises in water and electric rates.

  • He criticizes Johnson’s staffing transparency and defense strategy, calling for clearer communication about personnel changes.

  • Economic and social policy priorities include raising the minimum wage to $22 per hour and universal pre-K, with a policing plan to add officers and reinstate the ShotSpotter program.

Summary based on 2 sources


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