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City Council has until the end of the year to approve a budget that now adds a financial burden to Chicago homeowners. City Council did approve a $588 million property tax hike in 2015 under then ...
(The Center Square) – The Chicago City Council on Monday approved a new budget without a property-tax increase, but many aldermen say the mayor still needs to cut spending. The council voted 27 ...
CHICAGO — Mayor Brandon Johnson eked out a victory Monday with the narrow passage of a $17.3 billion municipal budget plan that does not raise property taxes. The 27-23 vote came just weeks ...
The Cook County Treasurer oversees what is the United States' second-largest system of property tax collection and distribution. [1] The office was established in 1831, and since 1835 has been an elected, partisan position. The inaugural holder of the office of treasurer was Archibald Clybourn, an early settler of Cook County. [2]
The Chicago City Council finally passed Mayor Brandon Johnson’s 2025 budget on Monday with a 27-23 vote. ... That plan also included tax increases on cloud computing services, parking garages ...
The new tax rates proposed by the state legislature in SB 687 includes an increase in corporate income taxes from 7% to 7.99%. SB 687 would also changes the state's property tax credit, which is a credit that some residents paying property taxes can claim to reduce their income taxes, from 5% to 6%.
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.
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 ...
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