City Budget Director Annette Guzman is pictured at a press conference on April 1, 2025. [Don Vincent/The Daily Line]

Leaders from the city’s budget and finance offices told alderpeople they are no longer sure when the city will make the other half of a supplemental payment into the city’s pension funds, months after the payment was split due to delays in the receipt of county property tax revenues.

While the leaders denied they were walking away from earlier commitments to make the remainder of the $260 million payment, their comments at a Thursday mid-year budget hearing stood in stark contrast to more definitive comments made earlier this year. 

The Chicago City Council meets on April 15, 2026. [Don Vincent/The Daily Line]

The City Council on Wednesday could give final approval to hundreds of millions of tax increment financing (TIF) dollars to assist with the infrastructure around the new Chicago Fire soccer stadium development in the South Loop, an ordinance clarifying that city employees may not place bets on sites like Kalshi or Polymarket using proprietary information and the appointment of a new health commissioner.

The council will meet at 10 a.m. 

Renderings show phase one of the Woodlawn Central development. [Department of Planning and Development]

The City Council Committee on Zoning, Landmarks and Building Standards on Tuesday approved plans for a multi-phase, mixed-use development just a short distance from the recently opened Obama Presidential Center and a landmark designation for the former home of a Chicago newspaper.

The approved items will be considered at Wednesday’s City Council meeting, which begins at 10 a.m.

Renderings show phase one of The 78 project featuring the Chicago Fire Football Club stadium. [Chicago Department of Planning and Development]

The City Council Committee on Finance on Monday advanced two revised redevelopment agreements providing taxpayer funds to assist with infrastructure like roads, plaza and parking space and pedestrian walkways surrounding a new sports stadium on the Near South Side. 

But the committee deferred a planned vote on the transfer of the rights to the city’s parking meters.

Finance Chair Pat Dowell (3) is pictured during a City Council meeting on June 12, 2024. [Don Vincent/The Daily Line]

Alderpeople on the City Council Committee on Finance on Monday will consider a change of ownership under the infamous Chicago parking meter deal and hundreds of millions of dollars in public assistance to a new mixed-use megadevelopment on the Near South Side. 

The finance committee will meet at 10 a.m. in council chambers. 

City Hall is pictured. [Don Vincent/The Daily Line]

A pending plan to have Bank of America serve as an intermediary to bundle and sell hundreds of millions of dollars in outstanding city traffic ticket debt owed by Chicagoans has fallen through, according to a memo obtained by The Daily Line.

The development could make it harder to realize roughly $90 million in revenue that the current city budget is partially balanced on and could increase the likelihood of a forecast revenue shortfall.

The Ainslie Arts Plaza is pictured. [Chicago Department of Transportation Instagram]

The City Council Committee on Special Events, Cultural Affairs and Recreation on Tuesday approved multiple allocations of Open Space Impact Fee funding to community garden and plaza projects but did not advance an effort to call for a downtown park property to be named in honor of the pope. 

The approved items will go before the City Council next week. 

Mayor Brandon Johnson presides over a City Council meeting on April 15, 2026. [Don Vincent/The Daily Line]

Mayor Brandon Johnson on Tuesday revealed the city is eyeing a potential $130 million revenue shortfall this fiscal year as multiple new revenue sources implemented in the council-driven 2026 budget have failed to materialize, confirming fears expressed by the city budget team last winter. 

Members of the coalition that crafted and approved the rival budget plan reiterated their arguments that the blame rests with the mayor and his administration for failing to timely and properly implement the policies the coalition included.