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Government of Chicago. The government of the City of Chicago, Illinois, United States is divided into executive and legislative branches. The Mayor of Chicago is the chief executive, elected by general election for a term of four years, with no term limits. The mayor appoints commissioners and other officials who oversee the various departments.
The City Treasurer’s Office is the custodian and manager of all cash and investments for the City of Chicago, the four City employee pension funds, and the Chicago Teacher’s Pension Fund. Additionally, the Treasurer’s Office manages a number of programs that promote financial education and small business growth in Chicago’s neighborhoods.
Tax increment financing. Tax increment financing (TIF) is a public financing method that is used as a subsidy for redevelopment, infrastructure, and other community-improvement projects in many countries, including the United States. The original intent of a TIF program is to stimulate private investment in a blighted area that has been ...
The Chicago City Council is the legislative branch of the government of the City of Chicago in Illinois. It consists of 50 alderpersons elected from 50 wards to serve four-year terms. [1] The council is called into session regularly, usually monthly, to consider ordinances, orders, and resolutions whose subject matter includes code changes ...
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Chicago Parking Meters. Chicago Parking Meters LLC also known as ParkChicago[1] is an American company [2] with several investors [3] that owns the parking meters in the city of Chicago, Illinois. The company has gained notoriety for its roots in the sale of the City of Chicago's parking meters to private investors, considered a financial ...
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 Department of Transportation (CDOT / ˈsiːdɒt /) is an executive department of the City of Chicago [3] responsible for the safety, environmental sustainability, maintenance, and aesthetics of the surface transportation networks and public ways within the city. [4] This includes the planning, design, construction, and management of ...