Chicago City Council passes 2026 budget, rejects corporate head tax

The Chicago City Council approved the final portions of a record $16.6 billion budget for 2026 by a 30-18 vote on Saturday.

City Council passes a 2026 budget
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City Council approved the so-called alternative revenue ordinance by a 29 to 19 vote.  It closes a nearly 1 point $2 billion gap by legalizing video gambling terminals in bars and restaurants, selling of debt to collectors, and institute a host of new revenue items like a new cloud computing tax. 

Chicago City Council approves $16.7 billion alternative budget

After months of debate, jockeying and dissent, the Chicago City Council has passed a $16.7 billion budget, though not everyone is satisfied.

Bears evaluating Northwest Indiana for stadium | The Chicago Report
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Indiana lawmakers might be ready to roll out the red carpet today after Bears CEO Kevin Warren announced to fans -- they are looking at the northwest portion of the Hoosier state for a possible new stadium. This as talks on tax help for their Arlington Heights proposal stall. Are the Bears serious or just trying to gain leverage?

Opposing Chicago alders gaining momentum with new budget proposal ahead of deadline

With a budget gap of more than $1.2 billion and a potential city government shutdown approaching, a group of Chicago alders on Thursday promoted their alternative budget plan.

Opposing Chicago alders gaining momentum with new budget proposal ahead of deadline
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With a budget gap of more than $1.2 billion and a potential city government shutdown approaching, a group of Chicago alders on Thursday promoted their alternative budget plan.

Bally's warning: Video gambling costs | The Chicago Report
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Hear part of the plans to legalize video gambling in most Chicago bars and restaurants that could help some Chicago businesses but hurt others.

Chicago bag tax could jump again under alternative city budget plan

A higher bag tax is on the table. The fee started at 7 cents and increased to 10 cents this year. Next year, it could rise to 15 cents.

Chicago bag tax could jump again under alternative city budget plan
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A higher bag tax is on the table. The fee started at 7 cents and increased to 10 cents this year. Next year, it could rise to 15 cents.

Debate intensifies as budget committee weighs alternative spending plan

The alternative proposal is poised to advance again. It passed the council’s Finance Committee on Tuesday and is now under debate in the Budget Committee.

Chicago City Council considers alternative budget proposal
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The alternative proposal is poised to advance again. It passed the council’s Finance Committee on Tuesday and is now under debate in the Budget Committee.

Alternative Chicago budget proposal advances
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Another day closer to a city government shutdown and still no budget in sight. City Council members are wheeling and dealing once again today, but will it finally yield an agreement? 

Chicago alders give city budget proposal update
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Chicago alders held a press conference on Monday afternoon, giving an update on their budget proposal.

Chicago mayor, council remain deadlocked on budget as shutdown threat looms
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The Chicago budget showdown is coming down to the wire. Mayor Brandon Johnson spent Monday afternoon meeting with City Council members who oppose his proposed corporate head tax.

Chicago mayor, council remain deadlocked on budget as shutdown threat looms

The Chicago budget showdown is coming down to the wire. Mayor Brandon Johnson spent Monday afternoon meeting with City Council members who oppose his proposed corporate head tax.