Summary

Committee on Finance meeting summary — July 14, 2025

ChicagoJul 14, 20252 min read

At a glance

Quick context to catch up fast.

The Committee on Finance approved monthly Rule 45 reports, authorized multiple financing and redevelopment measures including TIF awards and a bond inducement for housing projects, approved amendments to municipal code provisions (senior sewer/refuse alignment and lien assignments), authorized settlement orders totaling several million dollars, approved payment/denial orders for small claims, and approved two citywide charitable solicitation (Tag Day) permits. One ordinance on bond issuance requirements did not pass.

Committees mentioned

Open the committee coverage hubs tied to this summary.

Committee on Finance

Topics discussed

Budget & TaxHousingUtilities

View official document

Was this summary helpful?

Your feedback helps us prioritize what to improve next.

Key decisions

Follow the major takeaways from this briefing.

Approved June 2025 Monthly Rule 45 Report for the Committee on Finance; approved January 2025 Monthly Rule 45 Report for the Joint Committee on Finance Subcommittee on Revenue and Committee on Health and Human Relations; approved June 2025 Monthly Rule 45 Report for the Committee on Finance Subcommittee on Revenue.
Approved ordinance authorizing redevelopment agreement and issuance of Tax Increment Financing (TIF) funds to Southbridge 1C Housing LLC and conveyance of city property for project at 2311-15 S. State Street (3-5 E. 23rd Street). Amount not to exceed $11,870,154. (SO2025-0018188, 3rd Ward).
Approved ordinance authorizing bond inducement for Homan Square Apartments Phase IV at multiple addresses (3607, 3621, 3645 W. Polk St., 906 & 908 S. Central Park Ave., 921 S. Lawndale Ave.). Amount not to exceed $20,000,000. (O2025-0018177, 24th Ward).
Approved communication concerning the appointment of Michael Belsky as City Comptroller. (A2025-0018118).
Approved ordinance amending Municipal Code §7-28-235 to align the senior sewer exemption and the senior refuse discount program. (O2025-0018148).
Approved ordinance amending Municipal Code §§2-44-140, 2-45-110 and 14A-3-313.6 regarding lien assignments. (SO2025-0018149).
Approved ordinance authorizing redevelopment agreement and issuance of TIF funds to Black Ensemble Theater Corporation for improvements at Black Ensemble Studio Theater, 4440-4450 N. Clark St. Amount not to exceed $2,434,955. (O2025-0018180, 47th Ward).
Approved five proposed orders authorizing the Corporation Counsel to enter into and execute settlement orders in the following cases: Felicia Nalls-Bradley v. City of Chicago — $400,000; Gilbert Mendez v. City of Chicago — $2,500,000; Marley Aguilar v. Eric Duron, et al. — $3,000,000; Jackie Wilson v. Jon Burge, et al. — $12,700,000; Roberto Almodovar v. Reynaldo Guevara, et al. — $17,000,000. (Alderman Conway recused himself from voting on item D under Rule 14.)
Approved a proposed order authorizing payment of various small claims against the City of Chicago. (Direct Introduction).
Approved a proposed order denying payment of various small claims against the City of Chicago. (Direct Introduction).
Approved two proposed orders authorizing Charitable Solicitation on the Public Way (Tag Day) permits: Knights of Columbus — Citywide, September 18–21, 2025; American Civil Liberties Union — Citywide, July 31–December 31, 2025. (Direct Introduction).
An ordinance introduced by Alderman Marty Quinn (13th Ward) to add Municipal Code §2-8-036, “Issuance of bonds and other indebtedness – Ordinance requirements” (O2025-0015727) was a do not pass in Committee on July 14, 2025 (President Pro Tempore Nugent served as ex-officio and participated in this vote).

Timeline & follow-ups

Action items flagged by the community.

No follow-ups have been shared yet. Add one in the community board below.

Meeting information

Details and records from this meeting.