Mayor Brandon Johnson unveiled Chicago’s Fiscal Year 2025 budget, emphasizing strategic investments in affordable housing, mental health, public safety, and youth employment, all while ensuring fiscal responsibility and meeting pension obligations. Despite a projected $986 million deficit, the budget remains balanced without implementing mass layoffs or harsh austerity measures.
2026 Complete End of Session Report
FY 2027 Budget Package HB 111 (Welch/Sims) creates the FY 2027 budget appropriation bill. The budget is based on an estimated General Funds revenue of $55.95 billion and spending of $55.945 billion, representing less than a 1% increase over current fiscal year...