CPS budget update warns of $732M gap; July 30 vote could mean furloughs
Chicago IL – CPS’ July 15 budget update warns of a $732M gap for 2026-27. A July 30 Board vote could trigger a mid-year freeze and five furlough days.
Tax Increment Financing (TIF)
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Chicago Finance Committee Advances ~$425M TIF for The 78 Infrastructure
Chicago’s Finance Committee advanced a roughly $424M–$425M TIF plan for infrastructure around The 78; next City Council vote is Wednesday.
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Kansas City OKs first step toward $235M CPKC Stadium expansion and TIF
Kansas City MO—On July 2, 2026, the Council passed Ordinance No. 260565 to start talks on expanding CPKC Stadium, a TIF plan, and up to $235M in bonds.