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Chicago Council Passes $16.6B Budget Amid Mayor's Veto Threat

12/23/2025

50 9 Full Breakdown

Summary

Story summary

Chicago City Council approved a $16.6 billion budget for 2026 on December 20, 2025.
The budget excludes Mayor Brandon Johnson's proposed corporate head tax.
The vote was 30-18, short of a veto-proof margin.
It addresses a $1.2 billion deficit by raising taxes and selling unpaid debt.
Mayor Brandon Johnson called the plan "morally bankrupt" and unbalanced, with a veto due by December 30 and an override vote on December 29.

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Story summary

Chicago City Council approved a $16.6 billion budget for 2026 on December 20, 2025.
The budget excludes Mayor Brandon Johnson's proposed corporate head tax.
The vote was 30-18, short of a veto-proof margin.
It addresses a $1.2 billion deficit by raising taxes and selling unpaid debt.
Mayor Brandon Johnson called the plan "morally bankrupt" and unbalanced, with a veto due by December 30 and an override vote on December 29.