It's clear Chicago Mayor Brandon Johnson and the Chicago City Council are no closer to reaching a budget deal, as top financial officials in the mayor's administration have largely rejected the alternative budget plan presented by council members.

The 2026 budget plan needs to be approved by the mayor and at least 26 of the 50 alders by the end of the year. In October, Johnson presented his plan, which included a $21 per employee corporate head tax on the city's largest companies each month, plus a host of other taxes. A month later, the mayor's revenue ideas were soundly rejected by the council's Finance Committee.

Alders began crafting their own plan, and 26 of them signed a letter Tuesday presenting an alternative proposal. The alternate plan took out the corporate head tax, replacing

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