Mayor Brandon Johnson’s latest budget plan for 2025 includes no property tax increase thanks to cuts and extending the deadline to pay back $40 million in debt, a move that may face resistance from aldermen concerned about fiscal consequences. The proposal also includes staff reductions, middle management cuts, and other cost-saving measures to fill the budget gap, with a focus on operational efficiencies and cost recovery initiatives to recover costs from city departments and events. Johnson faces challenges in securing support for his budget amid ongoing squabbles with aldermen and a government stalemate if votes are not secured by year’s end.
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Tesla’s Price Targets Raised by Wedbush Amid Optimism for Autonomous and AI Growth
Wedbush Securities raised Tesla's price target to $515, with a high-end estimate of $650, citing potential in autonomous driving and AI, accelerated by possible legislative changes under the Trump administration. The company projects Tesla's market valuation to hit $2 trillion by 2025, driven by developments in autonomous technologies and Chinese market demand. Tesla's upcoming car model and Cybertruck launch have sparked excitement, with analysts closely watching for market impact. Full Article
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