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Chicago budget update Chicago Mayor Brandon Johnson has eliminated property-tax increases from his latest budget proposal for 2025, but at least 15 members of the city council remain opposed to ...
Chicago's financial woes are no secret at this point, and the mayor's $17.3 billion proposed budget still includes a $982 million deficit. Johnson sought to fill the gap with a now-failed $300 ...
(The Center Square) – Mayor Brandon Johnson and the Chicago City Council still don’t have a budget agreement. Reports surfaced early Friday that the mayor did not have enough votes to pass a ...
Generally speaking, the mayor and city departments comprise the executive branch of the city government, and the city council comprises the legislative branch. [3] However, the mayor does have some formal legislative functions such as being the presiding officer of the council and being able to break tie votes, and informally has dominated legislative activity since the late 19th century.
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.
Cook County, which includes Chicago, is the United States' second-most populous county (after Los Angeles County, California) with a population of 5.2 million residents. The Cook County Board of Review holds quasi-judicial powers to adjudicate taxpayer complaints or recommend exempt status of real property.
In fiscal year 2007, the Illinois Department of Revenue expected to collect $24.6 billion in taxes and gambling revenues, about five-sixths of the state's general funds revenues for the year. IDOR expected to keep $1.0 billion of this sum (4.0%) to cover the costs of its own operations, and expected to transfer the rest to the office of the ...
The Johnson administration is proposing to install $2.64 million worth of new speed cameras, which it estimates will generate $11.43 million toward covering the cost of restoring those CPD vacancies.