Chicago Revises 2026 Budget Shortfall Down to $89 Million
Chicago officials lowered their projected 2026 budget shortfall to $89 million, but the city has not adopted a plan to close the remaining gap.
Chicago budget
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Johnson says Chicago faces $130 million gap after expected revenue falls short
Mayor Brandon Johnson said Chicago is $130 million short after revenue sources in the city’s 2026 financial plan did not generate the expected funds.
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Chicago faces $130 million revenue shortfall as new forecast nears
Mayor Brandon Johnson said Chicago is $130 million short of revenue expected under assumptions tied to the City Council-approved 2026 spending plan. A new forecast is expected by the end of August.