Each Chicago taxpayer is on the hook for $40,600 in city debt today, the second most among major U.S. cities. Add in the debt Illinois state leaders grew last year, and Chicago taxpayers owe nearly $80,000.
A new bill in Springfield would require the Chicago Bears and other teams to have a few winning seasons before they can expect taxpayer help for stadiums.
Chicago might have just avoided a property tax hike, but city leaders couldn’t figure out how to pass the 2025 budget without other tax and fee increases. Here’s what the city should do to avoid repeating the same budgeting mistakes next year.
A massive influx of 112,955 international migrants boosted Illinois population in 2024, new Census Bureau data shows. Buses from Texas likely grew Illinois’ population.
Chicago Mayor Brandon Johnson was denied a $300 million property tax hike, then a $150 million property tax hike, then a $68.5 million property tax hike. He got his 2025 city budget, and aldermen forced him to keep his campaign pledge not to raise property taxes.
Chicago Mayor Brandon Johnson’s proposed budget includes $233.9 million in tax hikes including rideshare prices and streaming services. It has already passed a key committee in the city council.