Mayor Brandon Johnson’s latest plan to try to get aldermen to pass his budget for 2025 contains no increase in property taxes, thanks to a combination of cuts and a controversial idea to extend the deadline to pay back $40 million in debt, according to aldermen briefed on the proposal Sunday.

Three sources present at the meetings with Johnson’s budget team said his $68.5 million property tax hike for next year has been zeroed out entirely, the latest development in a remarkably fraught budget process that started with the first-term mayor breaking his signature campaign promise against raising that levy.