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FY 2020 ANNUAL TAX INCREMENT FINANCE Reportage of Municipality:City of ChicagoReporting Fiscal Year:County:CookFiscal Year End:Unit Code:016/620/302020 12/31/2020FY 2020 TIF Administrator Contact
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The City of Chicago budget is the financial plan for the city's upcoming fiscal year, outlining expected revenues and expenditures.
The Mayor of Chicago is responsible for presenting the city budget to the City Council for approval.
The City budget office works with various departments to compile and analyze financial data to create the budget proposal.
The purpose of the city budget is to allocate resources and prioritize spending to meet the needs of the residents and improve the city's infrastructure and services.
The city budget must include revenue projections, expenditure forecasts, departmental budgets, and any proposed tax or fee changes.
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