City of Chicago FY2023 Proposed Budget: Analysis and Recommendations – Civic Federation

"The City of Chicago’s economic recovery has generated significant revenue growth in the current fiscal year and the projected continuation of those trends next year will allow it to balance the budget without a general property tax increase and still make a $242 million supplemental pension payment...However, the Federation retains concerns that the budget’s use of one-time revenue sources could cause future budget difficulties, as would a potential recession in the next year."