Last week, Ald. Vasquez and 29 other City Council members signed a letter calling for a vote on the Mayor’s proposed $300 million property tax increase. Yesterday, in a special meeting of City Council, all 50 alders voted against the increase. This unprecedented unanimous vote regarding a proposed revenue ordinance was a clear rejection of […]
Tag: FY25 City Budget
2025 City Budget Analysis: Week 1
Posted onThis past week, we’ve been digging into the proposed 2025 City of Chicago budget to closely scrutinize the revenue and appropriations in this year’s budget and determine what changes may be necessary. Here’s what we’ve learned so far! Why is there such a large budget gap? Almost half of the city’s revenue comes from sources […]
2025 City Budget Announcement: What’s Included in this Year’s Budget?
Posted onToday, Mayor Johnson announced his proposal for the 2025 City of Chicago Budget. See below for what we’ve learned so far! What’s Included in this Year’s Budget? We will have a full analysis of this year’s budget in the coming week (check out our 2024 Budget Transparency Tool to get a sense of what will […]
2025 City Budget Explainer
Posted onBudget season is upon us! On October 30th, Mayor Johnson will announce his proposal for the City of Chicago’s 2025 budget. Today, we’re breaking down how the City of Chicago’s budget process works! What is included in the budget process? The City of Chicago fiscal year (FY) begins each year on January 1st, and ends […]