Briefing
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