City Council - 2025-12-19
Meeting Intelligence Preview
Meeting Summary
The Chicago City Council passed the substitute 2026 municipal code revenue ordinance alternative by a vote of 29-19, authorizing various tax and fee increases including business license fees, driveway fees, bed taxes, and streaming taxes.
Key Decisions (4)
2026 Municipal Code Revenue Ordinance Alternative
2026-2027 General Obligation Borrowing Ordinance
General Obligation and STSC Bond Refunding Ordinance
Ward Fund Transfers for 2025
Market Signals (4)
Sentiment
Business community expressed concern that both budget proposals are difficult…
Commercial Demand
Illinois Retail Merchants Association warned that aggressive debt collection and…
Housing Demand
Public comments highlighted property tax concerns and displacement of residents,…
Other
Hemp industry representative supported Mayor Johnson's proposed $2 per item…
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