Council Office of Financial Analysis (COFA)
@ChicagoCOFA
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The Council Office of Financial Analysis (COFA) serves the City Council of the City of Chicago.
Chicago, IL ✶✶✶✶
Joined October 2021
📊Last month, the City released its FY 2024 Annual Comprehensive Financial Report. We've broken it down for you. See how Chicago’s finances performed last year -- revenues, expenses, assets & more. 🔍 Read COFA's new analysis here:
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📢Hot of the press: COFA's inaugural mid-year report is live! . 🧾 Dive into budget options, muni finance trends, M/WBE compliance, vacancies & more. Read it here:
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🧩 Not all budget solutions are equal. Chicago has relied on one-time fixes—like COVID aid and small fee hikes—to close recent gaps. But these don’t last. Long-term structural changes are needed & City Council is exploring options for FY26. 📘 COFA’s explainer says more:.
📰 Chicago’s growing budget gap has been making headlines -- but what does it actually mean?.COFA’s latest explainer breaks down what is it, why it matters & the challenges ahead. 🧾 Read it here:
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📰 Chicago’s growing budget gap has been making headlines -- but what does it actually mean?.COFA’s latest explainer breaks down what is it, why it matters & the challenges ahead. 🧾 Read it here:
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📊 COFA’s Q2 Activity Report is now live -- see how we supported City Council’s legislative and fiscal work this spring. 🔗 Read the full report here:
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📊 That's a wrap on our budget process breakdown! But while budget debates heat up in the fall, the work never stops. All year long, OBM tracks revenue & spending -- COFA will provide you with updates. 📅 Stay informed:
chicago.gov
The Council Office of Financial Analysis (COFA) serves the City Council of the City of Chicago.
Interested in how Chicago's City Council works with the Mayor’s office to fund City services? Ever questioned what impacts our budget decisions?. This month, COFA is breaking it down for you. Follow along!
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Budget process breakdown – budget season:.🗓️ By October 15, the Mayor submits a proposal & it's City Council’s time to shine. Through many, many hearings to question, debate, & refine the Mayor’s proposal, COFA provides resources & support. A final budget must be passed by Dec 31.
Interested in how Chicago's City Council works with the Mayor’s office to fund City services? Ever questioned what impacts our budget decisions?. This month, COFA is breaking it down for you. Follow along!
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We've been making some changes -- check out our refreshed website for a clearer look into COFA's work:
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Budget process breakdown -- building the proposal:. 🧾Over the summer, City departments submit budget requests & OBM drafts the initial budget and releases its forecast -- all while COFA provides independent analysis to inform planning.
Interested in how Chicago's City Council works with the Mayor’s office to fund City services? Ever questioned what impacts our budget decisions?. This month, COFA is breaking it down for you. Follow along!
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Budget process breakdown – let’s talk engagement:. 🆕 for FY26, OBM is holding meetings with City Council prior to peak budget season – a change key for trust & transparency for Chicagoans. OBM also holds meetings with communities throughout the summer.
Interested in how Chicago's City Council works with the Mayor’s office to fund City services? Ever questioned what impacts our budget decisions?. This month, COFA is breaking it down for you. Follow along!
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Interested in how Chicago's City Council works with the Mayor’s office to fund City services? Ever questioned what impacts our budget decisions?. This month, COFA is breaking it down for you. Follow along!
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RT @thedailylinechi: Revenue Subcommittee to hold hearing on expiring state grocery tax. Via @MikeMcDTweets.📌 @GovPritzker | @ChicagosMay….
thedailyline.com
The City Council’s revenue subcommittee next week will hold a hearing on the possibility of Chicago establishing its own tax on groceries once the state tax expires at the end of the year.
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💡 Did you know we provide independent, nonpartisan analysis to Chicago’s City Council? Our team does a lot more than you might think – & COFA has been busy. Check out our latest publications & “Get to Know Us” with our one-pager➡️ .
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📢 New from COFA: Our report on Chicago’s public-private partnerships & asset leases is now live! . 💡Dive into an inventory of major agreements, financial analysis & recommendations to strengthen transparency & oversight here ➡️.
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💰 Data Dashboard Spotlight: Where does the City’s money come from?. Our new Tax Summary dashboard offers insight into all the taxes collected in Chicago – along with latest updates, rates & tax codes. 📈 Explore the dashboard here:
chicago.gov
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📘 Publication Spotlight: Transparency matters. Each year, we publish analyses of the Mayor’s proposed budget -- & this year, we’ve added what the City Council approves to show how your city plans to work, spend & improve. 📊 Dive into our analysis here:
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💡 Want to know who we are, what we do & how we’re working to serve you? .📄 “Get to Know COFA” gives a quick snapshot of our mission, services & how we can better support Chicago’s budget process.
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City Council members voted to add Cook County Commissioner Anthony Quezada to their ranks Monday, approving the first aldermanic appointment of Mayor Brandon Johnson’s tenure.
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City Council signs off on Anthony Quezada to fill 35th Ward seat
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And btw, we filled an aldermanic vacancy in 14 days while Chicago’s firefighters have worked without a contract for FOUR YEARS!. 🖤❤️🖤
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