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Chicago CFO says property tax hike is 'likely' to fill $1B budget gap in 2026

Summary by NBC Chicago
Chicago's chief financial officer discussed the city's financial challenges during an interview Tuesday with Bloomberg, explaining a property tax increase is "likely" to plug the large hole in the 2026 budget.

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Chicago CFO says property tax hike is 'likely' to fill $1B budget gap in 2026

Chicago's chief financial officer discussed the city's financial challenges during an interview Tuesday with Bloomberg, explaining a property tax increase is "likely" to plug the large hole in the 2026 budget.

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NBC Chicago broke the news in on Wednesday, July 23, 2025.
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