City Council passes a 2026 budget

City Council approved the so-called alternative revenue ordinance by a 29 to 19 vote.  It closes a nearly 1 point $2 billion gap by legalizing video gambling terminals in bars and restaurants, selling of debt to collectors, and institute a host of new revenue items like a new cloud computing tax. 

Alternative Chicago budget proposal advances

Another day closer to a city government shutdown and still no budget in sight. City Council members are wheeling and dealing once again today, but will it finally yield an agreement?