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(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 — Mayor Brandon Johnson eked out a victory Monday with the narrow passage of a $17.3 billion municipal budget plan that does not raise property taxes. The 27-23 vote came just weeks ...
The Chicago Police Department budget is increasing year over year. The city’s budget gap is $982.4 million, driven by rising personnel and pension costs. A 3.2% increase in Fiscal Year 2025 ...
The Loop is Chicago's central business district and one of the city's 77 municipally recognized community areas.Located at the center of downtown Chicago [3] on the shores of Lake Michigan, it is the second-largest business district in North America after Midtown Manhattan.
The total economic output of Chicago in gross metropolitan product totaled US$770.7 billion in 2020, [1] [2] surpassing the total economic output of Switzerland and making Chicago's gross metropolitan product (GMP) the third largest in the United States, The city is home to several Fortune 500 companies, including Archer Daniels Midland ...
There are 178 official neighborhoods in Chicago. [1] Neighborhood names and identities have evolved due to real estate development and changing demographics. [2] Chicago is also divided into 77 community areas which were drawn by University of Chicago researchers in the late 1920s. [3]
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 ...
However, the city of Chicago has a long history of budget deficits. In 2023, the city projected a $538 million dollar deficit, nearly half of the projected shortfall for 2025.