Chicago’s chief financial officer discussed the city’s financial challenges during an interview Tuesday with Bloomberg, explaining a property tax increase is “likely” to plug the large hole in the 2026 budget.
“We haven’t laid out our proposed budget for 2026, but we have a very significant budget deficit. The press has widely reported that,” Chicago CFO Jill Jaworski told Bloomberg’s Romaine Bostick at a Bloomberg New Voices event in Chicago.
“Will an increase in property taxes address that?” Bostick said…