Chicago Finance Committee Rejects 2026 Revenue Ordinance and Mayor's Budget Proposal
At a glance
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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.
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Key decisions
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- Failed to pass the 2026 Revenue Ordinance amending Titles 1, 3, 4, 7, 9, 10, 11, 14A, 14B, and 14X of the Municipal Code related to revenue from taxes, fines, and fees.
- Finance Committee voted 10-25 against advancing Mayor Johnson's FY 2026 $16.6 billion budget proposal, including the corporate head tax.
- President Pro Tempore Nugent participated as an ex-officio member in the vote on the Revenue Ordinance.
Timeline & follow-ups
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Meeting information
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Committee on Finance
Written Public Comment Deadline: November 14, 2025, 10:00 A.M.
Agenda
Agenda items not available.
Documents from this meeting
- Noticehttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/3f889424-d7ad-f011-bbd2-001dd8066634.pdf
- Summaryhttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/6fc82c76-616a-481c-a23e-5f3685c93d8f.pdf
- Agendahttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/2c33d42a-7a70-4325-93a0-527c189577fa.pdf
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