Mayor Brandon Johnson laid out his proposal on how to close a projected nearly $1.2 billion budget deficit in 2026.

Toni Preckwinkle and Fritz Kaegi are backing legislation that would raise the income level for senior property tax freeze eligibility, from $75,000 for the 2026 tax year to $79,000 for 2028.

As aldermen kicked off nearly a month of hearings by quizzing the mayor’s finance team for more than four hours, several ...

Mayor Johnson's proposal to revive a corporate "head tax" is opposed by local businesses, who fear it would be a job killer.

Chicago Mayor Brandon Johnson is loing to new sources of revenue for his cash-strapped city amid ongoing budget woes, ...

The Chicago Bears have proposed a one-time payment of $25 million to the city of Chicago in an effort to mitigate political ...

With time running short in the Illinois General Assembly’s fall veto session, Democratic lawmakers proposed new taxes on many ...

The Chicagoland Chamber of Commerce said Mayor Brandon Johnson’s budget proposal will make Chicago a less attractive investment as they don’t see shared sacrifice ...

A new proposal to fund Illinois’ mass transit with new taxes has been met with some skepticism, including from the state’s ...

Illinois House Democrats introduced a proposal to fund Chicago-area transit system via new taxes on entertainment events and ...