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Chicago CFO Predicts Property Tax Hike in 2026 Budget Package to Address Deficit
ByAinvest
Tuesday, Jul 22, 2025 8:58 pm ET1min read
Chicago CFO Jill Jaworski has stated that the city is likely to raise property taxes in the 2026 budget package to address a projected $1 billion deficit. The package will also include cuts and revenue proposals. Jaworski emphasized that the goal is to avoid cutting services, but unbalanced budgets will be avoided. The city council previously rejected a property tax hike proposal in 2025.
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