Government Budgets

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Chicago's City Budget Process Needs a Complete Transformation

by Daniel VeseckyLegislative deliberations over the City of Chicago's (Chicago or ‘the City’) FY2026 budget, which ran from mid-October through passage in late December 2025, were a contentious, opaque, and at times messy affair that laid…

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Chicago's FY2026 Adopted Budget: Still Short of the Mark

by Grant McClintock and Daniel Vesecky The final FY2026 City of Chicago budget, passed by City Council…

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State of Illinois Enacts $52.6 Billion FY2026 Capital Budget, Continues to Improve Its Credit Rating

by Roland CaliaThe State of Illinois (Illinois or the 'State') enacted a multi-year $52.6 billion

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Understanding Chicago’s 2026 Record TIF Surplus

by Daniel Vesecky In October of 2025, Mayor Brandon Johnson released his proposed 2026 budget, which aims to close a…

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Understanding H.R. 1: How New Federal Rules Could Reshape SNAP in Illinois

By Lily PadulaClick here to read the full report.Executive SummaryThe recent federal government shutdown caused nationwide disruptions in…

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How reliable is Chicago’s assumption of casino revenue?

by Grant McClintock Since opening in September 2023, Chicago’s temporary casino has consistently underperformed revenue expectations. Presented as a potential windfall to support Chicago’s underfunded police and fire pensions, every…

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Which Cuts Didn't Make the Cut - Efficiency Opportunities for Chicago's FY2026 Budget

by Daniel Vesecky Note: This summary was prepared in advance of the November 10, 2025, hearing to serve as an easy reference for City Council members, media, advocates, and Chicago residents.With the City of Chicago (Chicago or the ‘…

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Trends in Chicago Police Department Spending

by Grant McClintock Most of the Chicago Police Department’s (CPD, or the ‘Department’) spending (96.5%) is budgeted through the City’s Corporate Fund, or general operating fund. This analysis provides a snapshot of CPD spending within…

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Chicago's Budget Growth: 2019-2025

by Daniel VeseckyIn 2019, the City of Chicago (Chicago or the ‘City’) had a budget of $8.9 billion, excluding grants from the State of Illinois (Illinois or the ‘State’) and the Federal government. By 2025, expenditures had grown to $12.4…

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GOMB Report Projects Pressure on Illinois’ Budget Amid Federal Policy Changes

By Lily Padula Each fall, the Governor’s Office of Management and Budget (GOMB) issues its…