Chicago budget - 10/27/2021

Photo: NBC Chicago 

CHICAGO (WAND) - Monthly payments of $500 will be given to 5,000 low-income Chicago households as part of a $16.7 billion budget approved Wednesday. 

Due to a large infusion of federal dollars, Chicago is seeing a 30 percent increase in spending for an array of programs. The 35 to 15 vote approved the use of nearly $2 billion in federal money and closes a budget gap of $733 million, per NBC Chicago

Program funding involves over $200 million for fighting homelessness, $67 million for mental health programs and $31.5 million for the universal basic income effort. 

Chicago's spending plan features a property tax levy of $76.5 million. Part of this amount represents a tax increase Chicago leaders approved in 2020, which is tied in the national consumer price index. 

City budget officials said they estimate a property valued at an average rate of $250,000 will see a bump of about $38 per year. 

The property tax levy saw 18 aldermen vote against it. 

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.