Chicago City Council floats ideas on how to raise revenue, tackle $982M budget deficit

Chicago Budget Shortfall News

Chicago City Council floats ideas on how to raise revenue, tackle $982M budget deficit
Chicago Budget DeficitMayor Brandon JohnsonChicago City Council
  • 📰 ABC7Chicago
  • ⏱ Reading Time:
  • 48 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 46%
  • Publisher: 63%

Mayor Johnson has repeatedly said he wants wants to work with stakeholders on options, but one alderman said the nearly $1 billion budget gap and the mayor's spending ideas would require property taxes to go up across the city.

Craig WallThe Chicago City Council discussed ideas Wednesday for the $982 million budget deficit. Some alderman were vocal about avoiding a property tax hike . Chicago City Council members say the city will have to be creative in raising revenue and realistic in making cuts in order to overcome a budget deficit that is approaching $1 billion.

"Child care for all is really needed," a woman said during public comment. "Parents shouldn't have to worry about, 'should I pay my rent, should I pay my light bill, or should I pay child care?'" "We have not quite determined how childcare will be funded just yet," 26th Ward Ald. Jessie Fuentes said. "We are tasked with being creative, right, about how we ensure that we hold up the things that we have committed to walking into office."Some of the mayor's progressive allies suggested they may have to consider imposing a sales tax on services like fitness centers, spas and salons, along with consulting firms or businesses like Google.

Mayor Johnson has repeatedly said he wants wants to work with stakeholders on options, but one alderman said the nearly $1 billion budget gap and the mayor's spending ideas would require property taxes to go up across the city.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ABC7Chicago /  🏆 284. in US

Chicago Budget Deficit Mayor Brandon Johnson Chicago City Council Floats Ideas On How To Raise Revenue Tackle $982M Budget Deficit Property Tax Hike 15268032

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chicago faces $982M deficit in 2025 budget forecast: 'Significant challenge for our City'Chicago faces $982M deficit in 2025 budget forecast: 'Significant challenge for our City'Chicago Mayor Brandon Johnson released the city's 2025 Budget Forecast on Thursday.
Read more »

Chicago facing $982M budget shortfall for 2025, forecast showsChicago facing $982M budget shortfall for 2025, forecast showsMayor Brandon Johnson sidestepped the question of whether a property tax hike is on the table
Read more »

WATCH LIVE: Chicago Bears vs. Kansas City Chiefs NFL Preseason game on FOX 32 ChicagoWATCH LIVE: Chicago Bears vs. Kansas City Chiefs NFL Preseason game on FOX 32 ChicagoThe Bears' preseason ends against the Kansas City Chiefs, starting at 7:20 p.m. Watch the preseason action here.
Read more »

Aurora City Council confirms Todd Chamberlain as city's next police chiefAurora City Council confirms Todd Chamberlain as city's next police chiefSydney Isenberg is an Emmy-nominated digital content producer with Denver7 (KMGH) in Denver, Colorado. She began her career in Bakersfield, California, after graduating from the Walter Cronkite School of Journalism and Mass Communication at Arizona State University in 2018.
Read more »

Aurora city manager selects Todd Chamberlain as next police chief, pending city council approvalAurora city manager selects Todd Chamberlain as next police chief, pending city council approvalSydney Isenberg is an Emmy-nominated digital content producer with Denver7 (KMGH) in Denver, Colorado. She began her career in Bakersfield, California, after graduating from the Walter Cronkite School of Journalism and Mass Communication at Arizona State University in 2018.
Read more »

Chicago allows anti-Israel protest at DNC, as Israeli American Council awaits approval for counter-demonstrationChicago allows anti-Israel protest at DNC, as Israeli American Council awaits approval for counter-demonstrationResidents near the United Center and McCormick Place participated in virtual information sessions on Wednesday to discuss the potential impacts of the upcoming Democratic National Convention on their neighborhoods.
Read more »



Render Time: 2025-02-12 22:15:56