Officials discussed several possible responses to the budget gap, including spending reductions across departments, closer review of vendor contracts and consolidation of telephone services. #saukvillage
Johnson’s proposed 2027 budget would impose a $25 monthly tax per employee on companies with more than 125 workers. The measure is expected to generate approximately $100 million annually as part of the mayor’s $17.6 billion spending plan. #chicago #mayor #business #williewilson #election
County officials attributed the balanced proposal to 15 years of fiscal discipline, which allowed local government to absorb severe external financial shocks, including federal funding rollbacks and court-ordered revenue freezes. #cookcounty
Aldermen voted 46-3 Tuesday to approve the transfer of Chicago Parking Meters LLC to New York-based infrastructure investment firm Stonepeak Partners, clearing the way for a $2.53 billion transaction after months of negotiations over concessions for the city. #parking #chicago
In a statement released Thursday, Civic Federation President Joe Ferguson said the board's decision departed from sound budgeting principles by relying on speculative revenue to balance the district's finances. #cps #budget #chicago
"This law will provide municipalities with the flexibility to address the needs of its communities and support local projects," Joyce said. "I would like to applaud the collaboration between my office and local Bourbonnais officials that led to this bill being signed into law." #municipalities #patrickjoyce #senatebill
The city has collected none of the $131.7 million total projected for sale of debt, advertising, augmented reality and video game licensing. #centersquare #alderman #chicagomayor