The City of Chicago has released its first-ever Mid-Year Budget Report, an initiative intended to provide a detailed look at the city's finances at the midpoint of the fiscal year. Mayor Brandon Johnson announced the report, which has been submitted to the City Council Committee on Budget and Government Operations.

The new report offers an analysis of revenue collections, departmental spending, grant funding, and workforce trends through mid-2025. The document is in accordance with Section 2-4-055 of the Municipal Code of Chicago.

“This new budget report shows a clear turning point: revenues are stabilizing, and core operating costs are coming down. That reflects both Chicago’s economic resilience and the disciplined reforms we’ve implemented to contain spending,” said Mayor Brandon John

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