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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 ...
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 city produced more steel than the United Kingdom during the war, and surpassed Nazi Germany's output in 1943 (after barely missing in 1942). Some mills were located on the branches of the Chicago River emanating from the downtown area, but the largest mills were located along the Calumet River and Lake Calumet in the far south of the city.
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.
The Chicago MSA, now defined by the U.S. Office of Management and Budget (OMB) as the Chicago–Naperville–Elgin, IL–IN–WI Metropolitan Statistical Area, is the third-largest MSA by population in the United States. The 2022 census estimate for the population of the MSA was 9,441,957.
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 ...
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]
In 2019, the median home price was $297,000 with mortgage rates in the mid-fours, putting homeownership well within reach for families with a $2,000 monthly housing budget. But five years later ...