Mayor Brandon Johnson presides over a City Council meeting on Oct. 9, 2024. [Don Vincent/The Daily Line]

The City Council Committee on Finance by a narrow vote approved one half of the city’s budget on Tuesday, a revenue ordinance that includes $256 million in new revenue from sources such as a $68.5 million property tax hike, along with increased taxes and fees on checkout bags, rideshare trips downtown, streaming services, vehicle license transfers and garages and valet parking. 

Later Tuesday, the council budget committee also narrowly approved the mayor’s revised 2025 spending plan, setting up a likely-close final budget vote.

The revenue ordinance (SO2024-001367), approved 14-12, and the appropriation ordinance (SO2024-0013682), approved 17-16, will next go before the City Council for final consideration, which likely will happen Friday after an expected deferral Wednesday.