Politics9/16/2025•Bloomberg
Chicago Advised to Weigh Furloughs, Tax Hikes to Fix Deficit
Chicago Mayor Brandon Johnson's budget working group has presented him with several options to address the city's $1.15 billion deficit for the next year. The proposed solutions include furloughs, hiring freezes, fee increases, and a property tax hike tied to inflation. The mayor is tasked with selecting from these options as he works to balance the city's budget. The recommendations aim to help Chicago overcome its financial challenges and maintain essential services for its residents. The decision-making process will likely involve careful consideration of the impact on city employees, taxpayers, and the overall fiscal health of the municipality.
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