A residential street in Chicago’s Albany Park neighborhood. (WTTW News)

In a typical year, approximately 3% of property owners do not pay their taxes, according to Chicago officials. But in 2021, a projected 10% of property owners won’t pay their tax bills, which would cost the city $65.2 million.

(Jürgen Polle / Pixabay)

Mayor Lori Lightfoot said the plan she sends to the Chicago City Council will not count on the federal government sending additional relief funds to the city. 

(Regina Shanklin / Pixabay)

Several aldermen on Friday urged Chicago’s chief financial officer to dip into the city’s $900 million savings account to wipe out the massive budget shortfall caused by the coronavirus pandemic.

(Jürgen Polle / Pixabay)

Chicago’s chief financial officer warned aldermen Monday that taxing big firms and financial transactions would not help dig the city out of a massive budget hole caused by the coronavirus pandemic.