Chicago’s Credit Rating Risks Downgrade from S&P on Budget Woes
Chicago’s credit rating is threatened as the city mulls using one-time budget-balancing measures to close a gaping shortfall, ...
Chicago Mayor Brandon Johnson proposes lowering property tax hike to $150 million as budget negotiations continue
Mayor Brandon Johnson is now proposing hiking Chicago property taxes by $150 million, down from his original $300 million ...
Chicago mayor’s $300M property tax hike faces strong headwinds as council pushes for budget cuts instead
As tensions build, the outcome could reshape Chicago’s approach to tackling its nearly $1 billion budget deficit.
Chicago's nearly $1B budget shortfall to be discussed at meeting Tuesday
The City's Budget and Government Operations Committee are set to discuss the massive budget gap of nearly $1 billion.
Proposed Chicago police resource cuts could land city in court, top officials warn
Chicago Mayor Brandon Johnson's proposed cuts to the police department in specific areas may violate a consent decree forged ...
Mayor Johnson's planned CPD cuts 'risk undoing' police reform progress, federal monitor warns
The stark warning from independent monitor Maggie Hickey was included in a new progress report showing that CPD has reached ...
Johnson accuses critics of 'tantrums,' says it's time they 'grow up'
The mayor said last week's 50-to-0 vote rejecting his proposed $300 million property tax increase accomplished nothing beyond ...
Chicago mayor proposes lower property tax hike after first effort killed by City Council
Mayor Brandon Johnson on Tuesday took a shot at critics as he proposed new taxes and savings to make up a budget shortfall in ...
Brandon Johnson cuts property tax hike in half with latest budget proposal
Chicago Mayor Brandon Johnson laid out his latest 2025 budget proposal for Chicago Tuesday, which includes a $150 million ...
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Alders discuss raising taxes on streaming, cloud computing to fill Chicago budget gap
After alders unanimously voted down Mayor Johnson’s $300 million property tax increase, city lawmakers are back at the ...
Aldermen focus on Chicago Fire Department union contract, aging fleet in 2025 budget hearing
Aldermen fretted about the Chicago Fire Department’s aging vehicle fleet and sure-to-be-expensive union contract Tuesday as the city’s budget hearings continued. The $760.8 million budget Mayor ...