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FR
Chicago budget rises over 2X faster than other big cities
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Illinois Policy
Chicago budget rises over 2X faster than other big citiesNot enough revenue?
Chicago faces a $1.15 billion projected deficit in 2026, and the city’s budget task force’s answer is $1.6 billion in new tax hikes.
Among America’s biggest cities, Chicago’s rapid spending growth stands out.
Apart from Phoenix, Chicago’s budget growth dwarfs that of its peers.
While those cities have kept their budget growth roughly in line with inflation, Chicago raced ahead at twice the pace.
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