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S&P Global Ratings downgraded Chicago’s general obligation debt rating from BBB+ to BBB soon after the city council approved the $17.1 billion spending plan. Illinois Comptroller Susana Mendoza ...
The Chicago City Council is the legislative branch of the government of the City of Chicago in Illinois. It consists of 50 alderpersons elected from 50 wards to serve four-year terms. [ 1 ] The council is called into session regularly, usually monthly, to consider ordinances, orders, and resolutions whose subject matter includes code changes ...
(The Center Square) – Although the Chicago City Council passed a budget for 2025 this week, the city’s financial problems are not going away. Chicago taxpayers are looking at a billion-dollar ...
Chicago’s financial forecast is clouded by a $982.4 million budget deficit, and Mayor Brandon Johnson's proposed $300 million property tax hike has stirred up a storm of discontent with council ...
In November 2019, Napolitano was one of fifteen aldermen to oppose a $72 million property tax increase in Mayor Lori Lightfoot's first budget that included $7 million in funding for City Colleges, $32 million in funding to retire a general obligation bond issue and $18 million in funding for libraries. However, he voted for the budget as a whole.
The City Hall-County Building, commonly known as City Hall, is a 12-story building in Chicago, Illinois, that houses the seats of government of the City of Chicago and Cook County. [ 1 ] [ 2 ] The building's west side (City Hall, 121 N. LaSalle St.) [ 3 ] holds the offices of the mayor , city clerk , and city treasurer ; some city departments ...
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The Fulton River District in November 2006. The Fulton River District is a Chicago neighborhood located on the edge of the city's downtown, northwest of the Loop. The district is bounded by the Chicago River to the east, the Kennedy Expressway to the west, Ohio Street to the north and Madison Street to the south, making it part of the Near West Side and West Town community areas of Chicago in ...