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The Department of Finance is responsible for revenue collection, utility billing, tax and parking enforcement, administering employee payroll, benefits and safety; risk management and accounting and financial reporting.
The Department of Finance is responsible for revenue collection, utility billing, tax and parking enforcement, administering employee payroll, benefits and safety; risk management and accounting and financial reporting.
Revenue Reports. The City of Chicago’s monthly comparative estimate of revenue collections provides a summary of revenues received and transfers made in the City’s corporate fund for the current fiscal year.
PUBLISHED: November 14, 2024 at 3:18 PM CST. The Chicago City Council emphatically voted down Mayor Brandon Johnson’s plan to hike property taxes by $300 million Thursday, creating a yawning ...
A new report outlines how Chicago can raise $12 billion in revenue with a slew of tax increases as well as some budget cuts. The money would fund an array of services and tax relief.
A City Council subcommittee starts to get to work months after Mayor Brandon Johnson asked the aldermen to come up with new revenue ideas.
CHICAGO — The City Council will take a vote Thursday on Mayor Brandon Johnson’s proposed $300 million property tax hike, announced when he unveiled his $17.3 billion city budget for 2025 last…
The City of Chicago’s economic recovery has generated significant revenue growth in the current fiscal year and the projected continuation of those trends next year will allow it to balance the budget without a general property tax increase and still make a $242 million supplemental pension payment.
For example, a 10% reduction saves $27 million now but would cost the city $380 million over 30 years. A 30% cut saves $81.6 million now, but would cost $1.3 billion by 2054.
In fact, Johnson told reporters on Tuesday that he was never serious about the $300 million property tax increase and made it a centerpiece of his $17.3 billion budget, simply to get Council’s ...