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The City of Chicago Department of Fleet and Facility Management (DFM) was established by Mayor Richard M. Daley in 1991 as the Department of Fleet Management. It is codified at Section 2-38 of the Municipal Code of Chicago. According to the City of Chicago, "assets managed by the Department include more than 11,000 pieces of equipment and ...
The Metropolitan Pier and Exposition Authority, commonly known as MPEA or McPier, [1] [2] is a corporation that owns Navy Pier and McCormick Place in Chicago.It also manages the city's collection of taxes for vehicles picking up passengers (including limousines, buses, airport shuttles, taxicabs and Uber/Lyft) for O'Hare International Airport and Midway International Airport.
City Council has until the end of the year to approve a budget that now adds a financial burden to Chicago homeowners. City Council did approve a $588 million property tax hike in 2015 under then ...
(The Center Square) – The Chicago City Council on Monday approved a new budget without a property-tax increase, but many aldermen say the mayor still needs to cut spending. The council voted 27 ...
However, the city of Chicago has a long history of budget deficits. In 2023, the city projected a $538 million dollar deficit, nearly half of the projected shortfall for 2025.
The City Treasurer’s Office is the custodian and manager of all cash and investments for the City of Chicago, the four City employee pension funds, and the Chicago Teacher’s Pension Fund. Additionally, the Treasurer’s Office manages a number of programs that promote financial education and small business growth in Chicago’s neighborhoods.
Chicago’s financial forecast is clouded by a $982.4 million budget deficit, and Mayor Brandon Johnson's proposed $300 million property tax hike has stirred up a storm of discontent with council ...
The RTA sales tax was increased to 1.25% in Cook County, and 0.75% in the collar counties (from 1% and 0.25%, respectively), but one-third of the sales tax collected in the collar counties (i.e. 0.25%) is distributed directly to the counties [39] and the county boards may use that money for transportation or public safety purposes. [40]