Chicago City Council approves 2026 budget amid tax and policy debates

1 min read
Source: Illinois Policy
Chicago City Council approves 2026 budget amid tax and policy debates
Photo: Illinois Policy
TL;DR

Chicago's City Council approved a $16.6 billion budget that rejects the mayor's proposed head tax, instead implementing other tax hikes and relying on short-term revenue measures and borrowing, while maintaining high personnel costs and full pension payments amid ongoing fiscal challenges.

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