Bogotá’s Mayor Carlos Fernando Galán is preparing to submit a new tax bill to the city council, aiming to generate approximately $1.2 billion. This initiative comes after a previous, similar proposal was rejected by the council. The move is a direct response to the city’s current fiscal difficulties. Mayor Galán hopes this new plan will succeed where the last one failed, providing much-needed revenue for the capital. Details of the proposed tax increases have not been fully disclosed, but the proposal is expected to face debate. The city's financial health necessitates a solution, making this bill a critical point of contention. The mayor is determined to find a way to address the district’s financial issues.