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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 ...
Aerial view of the Chicago Loop in 2012 Downtown and the North Side ... Mean monthly sunshine hours: 135.8 ... and approves the city budget. [287] The Chicago Police ...
The total economic output of Chicago in gross metropolitan product totaled US$770.7 billion in 2020, [1] [2] surpassing the total economic output of Switzerland and making Chicago's gross metropolitan product (GMP) the third largest in the United States, The city is home to several Fortune 500 companies, including Archer Daniels Midland ...
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 ...
Many financial advisers consider a home affordable if mortgage payments, taxes and insurance costs don’t exceed 30% of a household’s monthly budget. In 2019, a household earning the local ...
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 ...