Chicago Budget Battles: Surplus, Tax Disputes, and Leadership Proposals
Originally Published 2 months ago — by Chicago Sun-Times
Chicago Mayor Johnson's proposed 2026 budget includes a record $1 billion TIF surplus aimed at funding a new teachers contract, but faces opposition from City Council members who fear it will divert funds from neighborhood improvement projects and community development, especially in Black and disadvantaged areas, amid concerns over project funding and pension reimbursements.