# Cook County and Chicago fiscal year 2027 budget proposals

> Live situation record from CLSTR: https://clstr.news/situations/cook-county-and-chicago-fiscal-year-2027-budget-proposals
> Updated: 2026-10-21T17:25:07.000Z. Sources: 4. Developments: 2.

In October 2026, local government leaders in the Chicago area introduced budget proposals for fiscal year 2027.

Cook County Board President Toni Preckwinkle proposed a $9.69 billion balanced budget. The plan seeks to address a $550 million gap without raising taxes, cutting services, or laying off employees, citing long-term fiscal discipline and credit rating upgrades as key factors. The proposal also includes a $206.9 million recommendation for the Forest Preserves of Cook County, a 6.6 percent increase intended for ecological restoration and maintenance.

Concurrently, Chicago Mayor Johnson released the city’s fiscal year 2027 budget proposal. The City Council scheduled hearings to review various sectors, including finance, infrastructure, public safety, and social services, with specific focus on the Chicago Police Department, the Chicago Fire Department, and the Department of Transportation.

## Timeline

### 2026-10-21: Chicago Mayor Johnson releases FY27 budget proposal

Mayor Johnson has released the Chicago administration’s FY27 budget proposal, with public hearings scheduled to begin next week.

2 sources. https://clstr.news/cluster/chicago-mayor-johnson-releases-fy27-budget-proposal

### 2026-10-08: Cook County President proposes $9.69 billion budget for 2027

Cook County President Toni Preckwinkle proposed a $9.69 billion budget for fiscal year 2027 that closes a $550 million gap without raising taxes or cutting services.

2 sources. https://clstr.news/cluster/cook-county-president-proposes-969-billion-budget-for-2027

---
Cite as: Cook County and Chicago fiscal year 2027 budget proposals. CLSTR, https://clstr.news/situations/cook-county-and-chicago-fiscal-year-2027-budget-proposals