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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 ...
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 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 Chicago Reporter is a monthly periodical based in Chicago, Illinois, USA. Founded in 1972, ... In 1974, its yearly budget was $120,000, ...
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 ...
(The Center Square) – The Chicago City Council could approve a new budget with more than $230 million in tax increases before the end of the week. Before a fire alarm went off in the council ...
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 ...
CHICAGO — Chicago is expected to hit a budget gap of $538 million next year, Mayor Brandon Johnson announced Wednesday in a solemn acknowledgment of the city’s fiscal challenges while also ...
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