Chicago Finances
Mayor Brandon Johnson’s order requires contractors to certify that they have not committed a “public integrity violation, antidiscrimination or wage theft violation” during the previous five years.
Tax Increment Financing Districts “reinforced the city’s historic economic inequities instead of reducing them — and all of this happened with little transparency or accountability from city planning officials,” according to the Great Cities Institute at the University of Illinois at Chicago.
“We cannot continue to govern by searching for loose change in the couch, or every time that there’s a budget challenge, we revert back to proclivities that have caused tremendous harm to working people in this city,” Mayor Brandon Johnson said.
Lawyers for the city of Chicago have appealed that verdict, the largest ever in a lawsuit alleging misconduct by members of the Chicago Police Department.
Officials with Bally’s Corp. have been warning the Chicago City Council for months that its move to green-light video gaming would kneecap the city’s permanent casino, scheduled to open in River West early next year.
Gun policy group the Brady Campaign has urged elected officials to use their procurement power to force gun companies to change how they do business, since cities and states spend millions of dollars to equip police officers.
Fred Waller is expected to serve as CPD’s interim superintendent through the end of the year, as the Community Commission for Public Safety and Accountability searches for a permanent leader.
City officials said last week Chicago is grappling with an $89 million shortfall — revised down from the $130 million figure the mayor announced earlier this month.
CPD spent approximately $700,000 more on overtime during the first six months of 2026 than it did during the same period in 2025, according to a database published by Inspector General David Glockner.
An analysis is ongoing to determine when — and how much — Chicago can afford to send to its pension funds in addition to the $2.85 billion that state law requires the city to contribute this year, officials said.
Chicago taxpayers paid three times more to resolve police misconduct lawsuits in 2025, as compared with 2024, according to the annual report detailing the cost of lawsuits filed against the Chicago Police Department.
“I want to say this clearly,” Mayor Brandon Johnson said. “There were other options. We did not need to cede to big money interests and fall back on the tired practice of balancing budgets on the backs of working people.”
The Chicago Police Department has overspent its budget five years in a row, according to Chicago’s annual financial reports.
Chicago’s pension debt has grown by nearly 11% since 2020, adding approximately $3.5 billion to the city’s debt, records show.
The Chicago Financial Future Task Force published a final report Thursday that included 58 policy recommendations, such as instituting a downtown congestion fee, restructuring electricity tax rates and instituting property tax increases based on the national consumer price index.
Marcel Brown's lawsuit was resolved with the largest payment Chicago taxpayers have ever made to compensate someone wrongfully convicted based on evidence developed by Chicago police, according to a WTTW News analysis.