CHICAGO BUDGET

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Jan 16 2026POLITICS

Chicago's Money Managers Need a Boost

Chicago is facing a big money problem. In 2027, the city might be short on cash by $1. 17 billion. That's a lot of money! The people in charge, called aldermen, are already working on next year's budget. But they have a big challenge ahead. A few years ago, the city created a team called COFA. This

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Jan 08 2026POLITICS

Chicago's Financial Future: Layoffs Loom as CFO Exits

Chicago is in a bit of a pickle. The city's top money manager is leaving, and the mayor is talking about possible job cuts. This is all happening after a recent budget showdown. The mayor, Brandon Johnson, is trying to stay positive about finding a new finance chief, but he's also warning that layof

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Dec 23 2025POLITICS

Chicago's Mayor Takes Bold Steps on Budget and Debt

Chicago's Mayor Brandon Johnson has made some big moves recently. He's decided to go ahead with a different budget that the City Council approved. This budget doesn't include a tax on big companies. Even though Johnson didn't sign it, the budget will still become official in a few days. Johnson mad

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