Statement on City of Chicago FY2026 Budget – Civic Federation

January 1, 2026

"The unprecedented Council-generated FY2026 budget that will now take effect has improved on the Mayor’s initial proposal but still falls far short of what is needed to address Chicago’s deeply challenged financial situation. Among other things, the Council budget wisely makes Chicago’s full advance pension payment."

Read the Article

1 Comment

Newest

Oldest Most Voted

Inline Feedbacks

View all comments

David F

5 months ago

Bankruptcy now is the only real solution to Chicago finances.

-1

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Wirepoints on Facebook

Follow @wirepoints

WIREPOINTS ORIGINAL STORIES

Wirepoints’ Mark Glennon on AM560’s Morning Answer: Illinois Budget’s New Taxes Face Serious Constitutional Challenges

June 12, 2026 2 Comments

Audio and summary linked here.

Illinois Lawmakers Thumb Noses at Constitution to Impose New Taxes – Wirepoints

June 9, 2026 24 Comments

A mess of uncertainty and litigation is sure to follow.

Wirepoints’ Mark Glennon on AM560’s Morning Answer: Spencer Pratt in Los Angeles Mayoral Race Offers Chicago a Blueprint

June 4, 2026 4 Comments

Summary and audio linked here.

Wirepoints’ Mark Glennon on AM560’s Morning Answer: Pritzker Extracted $162 Billion in Additional Taxes From Illinois Residents While State Remains 50th in Bond Ratings, Fiscal Cliff Ahead

June 2, 2026 4 Comments

Audio and summary linked here.

Totaling the unsustainable tax increases and windfall revenue during Pritzker Administration – Wirepoints

May 26, 2026 29 Comments

Two people standing side by side indoors against a brick wall; man wears a black quarter-zip sweater and plaid shirt, woman wears a blue striped sweater. With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

DONATE TODAY!