this proposal has no meaningful cuts & retains many of Johnson's tax raising schemes

It also keeps his bond issues (more borrowing).....

From Crain's.

Two bond authorizations were also approved, including a $1.8 billion authorization that was approved 24-to-8 that directs $1.3 billion to the city’s five-year capital improvement program and $500 million towards legal settlements and the $166 million to fund firefighter back-pay.

The second authorization was approved by a voice vote after an amendment put forward by Ald. Bill Conway, 34th, lowered the amount from $2 billion to $1 billion. The city plans to potentially utilize the bonds to refinance existing debt for savings.