CommitteeChicago

Committee on Finance

The Committee on Finance shall have jurisdiction over tax levies, industrial revenue bonds, general obligation bonds and revenue bond programs, revenue orders, ordinances and resolutions, the financing of municipal services and capital developments; and matters generally affecting the Department of Finance, the City Comptroller, City Treasurer and the solicitation of funds for charitable or other purposes on the streets and other public places.

35 active membersLast meeting Jul 13, 20263 summaries in 30d

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Jul 14, 2026

Municipality

Chicago

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Finance committee approves spending and agreements

Published Jul 14, 2026

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Published meeting coverage connected to Committee on Finance.

Briefing

Jul 13, 2026

Finance committee approves funding items

The committee approved a package of grants, housing financing, TIF support, bond authority, and a $9 million settlement, while also advancing small-claims and tag day orders.

2 min readMunicipal coverage

Briefing

Jun 25, 2026

Finance committee approves spending and agreements

The committee approved major funding items, including up to $500,000 for the Thomas Hughes Children’s Library, up to $15 million in financial assistance for Levy House Apartments, and nearly $251 million in TIF support for The 78 project.

2 min readMunicipal coverage

Briefing

Jun 15, 2026

Committee on Finance meeting summary

The committee approved the May 2026 Rule 45 report, several ordinances to assign bond servicing and to provide Multi‑Family and TIF funding for housing, parks, and school improvements, a Municipal Code amendment on the Social Media Amusement Tax, three legal settlement payments, and transmission of the monthly legal report.

2 min readMunicipal coverage

Briefing

May 18, 2026

City of Chicago — Committee on Finance meeting summary (May 18, 2026)

Committee approved monthly Rule 45 reports, an amendment to the Voluntary Charitable Payroll Deductions Program, two Multi‑Family program issuances for 3959 N. Lincoln Avenue, multiple TIF and redevelopment agreements (including a $5,000,000 intergovernmental TIF for Irvin C. Mollison Elementary School), amendments and designations for the Canal/Congress TIF expanded area, and three settlement orders totaling $18,750,000. Reports of April 2026 verdicts/judgments/settlements were transmitted.

2 min readMunicipal coverage

Briefing

Apr 13, 2026

Committee on Finance (April 13, 2026) — TIF allocations, housing and water bonds, settlements approved

The Committee approved March 2026 Rule 45 report and passed ordinances and orders including TIF allocations for workforce and housing projects, multi-family revenue bonds and water revenue bonds, two settlement payments, a tobacco-tax resolution, and a citywide charitable solicitation permit.

2 min readMunicipal coverage

Briefing

Mar 13, 2026

Committee on Finance meeting agenda: March 13, 2026 — settlements, TIF allocations, housing financing, permit waivers

The Committee on Finance will consider approval of the February 2026 Rule 45 report; proposed settlement orders including two large settlements ($350,000 and $27,000,000); a substitute ordinance to waive certain Public Building Commission permit fees (2026–2031); multiple TIF intergovernmental agreements for park and school improvements (totaling up to $12,150,000 across listed items); housing financing and bond actions for multi-family and senior developments (several actions totaling tens of millions); orders on small claims; and a citywide NAACP charitable solicitation (Tag Day) permit.

2 min readMunicipal coverage

Briefing

Feb 27, 2026

Committee on Finance meeting summary — approvals on housing financing, TIF allocations, CTID, settlements, and permit fee waivers

The Committee approved multi‑family and housing revenue bond actions, multiple TIF intergovernmental agreements for park and school improvements, a substitute permit‑fee waiver for the Public Building Commission, establishment of the Chicago Tourism Improvement District (CTID), two settlement orders totaling $27.35M, and related reports and small‑claims orders.

2 min readMunicipal coverage

Briefing

Feb 11, 2026

Committee on Finance — Meeting Summary (Feb 11, 2026)

The Committee approved the January 2026 Monthly Rule 45 report, multiple settlement orders (five approved; one did not pass), ordinances designating FY2026 municipal depositories and amending Finance publication rules, HUD Section 108 loan and TIF assistance for the Congress Theater redevelopment, loan restructurings and transfers for two Habitat Company properties, a resolution regarding video gaming certification, actions on small claims, and a Misericordia tag-day permit. A subject matter hearing on municipal depositories, city cashflow and timing/plans for FY2026 pension payments was held on Feb 9 (no votes).

3 min readMunicipal coverage

Briefing

Feb 9, 2026

Committee on Finance meeting summary: settlements, depository designation, HUD/TIF for Congress Theater, loan restructurings, and subject-matter hearing on municipal depositories

At meetings Feb 9 and Feb 11, 2026 the Chicago City Council Committee on Finance held a subject-matter hearing on Municipal Depositories (no votes) and approved multiple items including five settlement orders (totaling $30,162,000), ordinances designating municipal depositories for FY2026 and amending Finance publication rules, HUD Section 108 loan and TIF assistance for the Congress Theater, loan assumption/restructuring and transfers involving The Habitat Company properties, small-claims orders, and a Tag Day permit for Misericordia Foundation; one proposed $8,250,000 settlement was voted do not pass.

2 min readMunicipal coverage

Briefing

Jan 14, 2026

Committee on Finance — Meeting summary (Jan 14, 2026): TIF agreements, HUD Section 108 loan application, and settlement approvals

The Committee approved the December 2025 Rule 45 report and passed items including two TIF-related ordinances (30 N LaSalle and Sinai Health conveyance), authorization to submit a HUD Section 108 loan application for the Congress Theater, a Municipal Code revenue effective-dates amendment, a scheduled public hearing on the Chicago Tourism Improvement District, three settlement orders (totaling $23,037,500), and actions on small claims.

2 min readMunicipal coverage

Briefing

Dec 16, 2025

Committee on Finance Passes Four Ordinances on Taxes, Bonds, and Municipal Code Amendments

The Committee on Finance approved four key items on December 16, 2025, including the Fiscal Year 2026 tax levy, general obligation bonds, refunding bonds, and amendments to multiple titles of the Municipal Code, to be submitted to the City Council on December 18, 2025.

1 min readMunicipal coverage

Briefing

Dec 4, 2025

Chicago Committee on Finance Approves TIF Allocations, Legal Settlements, and Fee Waivers on December 4, 2025

The Chicago Committee on Finance approved multiple ordinances allocating tax increment financing (TIF) funds for park and school improvements, authorized fee waivers for the Chicago Board of Education, approved two major legal settlements including a wrongful conviction case, and authorized charitable solicitation permits.

4 min readMunicipal coverage

Briefing

Nov 17, 2025

Chicago Finance Committee Rejects 2026 Revenue Ordinance and Mayor's Budget Proposal

On November 17, 2025, the Chicago City Council Committee on Finance voted against advancing the 2026 Revenue Ordinance, which included amendments to multiple Municipal Code titles related to taxes, fines, and fees. The committee also rejected Mayor Brandon Johnson's FY 2026 budget proposal, notably opposing the proposed corporate head tax intended to fund community safety and social programs.

3 min readMunicipal coverage

Briefing

Nov 10, 2025

Committee on Finance approves housing financing, TIF/CubFund park allocations, settlements, and tag-day permits (Nov 10, 2025)

At its November 10, 2025 meeting the City of Chicago Committee on Finance approved the October 2025 Rule 45 report and passed ordinances and orders including: issuance of up to $14,000,000 in tax-exempt multifamily revenue bonds for Martha Washington Apartments; amendments and grant agreements supporting affordable housing (including a CLIHTF RHSP agreement); multiple intergovernmental agreements with the Chicago Park District allocating CubFund and TIF funds for park improvements (amounts ranging from $500,000 to $12,000,000, and an $11,850,000 Division/Homan allocation); a TIF loan for a 100-key Pullman hotel ($2,863,821); three settlement orders totaling $18,250,000 ($500,000; $750,000; $17,000,000); actions on small claims; and two citywide charitable solicitation (tag day) permits for Planned Parenthood Federation of America and Worldwide Wildlife Foundation for 2026.

2 min readMunicipal coverage

Briefing

Oct 15, 2025

Committee on Finance — Meeting summary (items approved Oct 9 & Oct 15, 2025)

Meeting (Committee on Finance) scheduled 2025-10-15T15:00:00+00:00 at City Council Chamber, 2nd Floor, City Hall, 121 North LaSalle Street, Chicago. Document lists items approved and passed in Committee on October 9 and October 15, 2025, including multiple TIF allocations, housing bond actions, settlement approvals, and referrals of two resolutions.

3 min readMunicipal coverage

Briefing

Oct 9, 2025

City of Chicago — Committee on Finance meeting summary (items approved Oct 9 & Oct 15, 2025)

Committee approved multiple TIF and bond actions for parks, housing and transportation projects; amended redevelopment and municipal code items; authorized nine settlement payments; established the 2026 Qualified Mortgage Certificate Program; and re‑referred two resolutions for joint committee consideration.

3 min readMunicipal coverage

Briefing

Sep 15, 2025

Committee on Finance meeting summary — September 15, 2025

The City of Chicago Committee on Finance approved monthly Rule 45 reports; approved four Tax Increment Financing (TIF) redevelopment/assistance measures (After School Matters $5,000,000; Steep Theatre Company $3,868,535; Clark Adams Building $67,500,000; Field Building adaptive reuse $98,000,000); authorized four settlement orders including a $90,000,000 settlement; transmitted case reports for July and August 2025; addressed small-claims payments and denials; authorized a Salvation Army charitable solicitation (tag day); and re‑referred a Senior Bill of Rights ordinance to a joint committee.

2 min readMunicipal coverage

Briefing

Jul 14, 2025

Committee on Finance meeting summary — July 14, 2025

The Committee on Finance approved monthly Rule 45 reports, authorized multiple financing and redevelopment measures including TIF awards and a bond inducement for housing projects, approved amendments to municipal code provisions (senior sewer/refuse alignment and lien assignments), authorized settlement orders totaling several million dollars, approved payment/denial orders for small claims, and approved two citywide charitable solicitation (Tag Day) permits. One ordinance on bond issuance requirements did not pass.

2 min readMunicipal coverage

Briefing

Jun 16, 2025

Chicago Committee on Finance Approves 15 Items Including TIF Agreements, Airport Bonds, and Settlement Orders

The Committee on Finance met on June 16, 2025, and approved multiple ordinances and orders totaling significant financial commitments. Key approvals included Tax Increment Financing redevelopment agreements, expansion of the Small Business Improvement Fund program across 24 wards, restructuring of loan agreements with forgiveness provisions, airport revenue bonds, and four settlement orders totaling $24.75 million. The committee also held a subject matter hearing on credit rating agency downgrades.

4 min readMunicipal coverage

Briefing

May 19, 2025

Committee on Finance Approves $60+ Million in Settlements and Municipal Matters

The Chicago City Council Committee on Finance met on May 19, 2025, and approved multiple settlement orders totaling over $60 million, including a $15.5 million settlement with Chicago Parking Meters, LLC, a $48 million settlement for three men wrongfully convicted in a 1986 fire case, and additional settlements in civil litigation matters. The committee also approved a fee waiver for the Metropolitan Water Reclamation District of Greater Chicago and considered various claims against the city.

3 min readMunicipal coverage

Briefing

Apr 14, 2025

Committee on Finance Meeting Summary – April 14, 2025

The Committee on Finance approved several ordinances and orders related to housing, legal settlements, tax increment financing, and charitable solicitation permits. Some items were held due to missing information, and one settlement order was not passed.

3 min readMunicipal coverage

Briefing

Apr 11, 2025

Chicago Committee on Finance Approves Key Financial and Settlement Measures on April 11, 2025

The Committee on Finance of Chicago approved continuation and renaming of the Single Room Occupancy Loan Program, authorized settlement payments totaling over $32 million, approved intergovernmental agreements allocating TIF funds for park improvements, and authorized issuance of bonds for airport facilities. Two housing financial assistance ordinances were held in committee due to incomplete information.

4 min readMunicipal coverage

Briefing

Mar 10, 2025

Committee on Finance Approves Affordable Housing Funding, Settlement Orders, and Program Amendments

The Chicago City Council Committee on Finance met on March 10, 2025, and approved financial assistance for an affordable housing development project, amended the TIFWorks program, authorized four settlement orders totaling $3.18 million, and processed claims against the city.

2 min readMunicipal coverage

Briefing

Feb 10, 2025

Committee on Finance meeting summary — items approved/passed/held on February 10, 2025

The Committee on Finance met and approved or advanced multiple financing and settlement items on February 10, 2025, including TIF agreements and expenditures for housing projects, City loans and tax-exempt bonds for a multifamily housing conversion, designation of municipal depositories for FY2025, authorization to issue general obligation bonds for infrastructure and lead service line replacements, several settlement orders, actions on small claims, and a Tag Day permit for the Misericordia Foundation. A subject matter hearing on municipal depositories was held on Feb. 7, 2025 (no votes).

2 min readMunicipal coverage