City of Chicago

Paid beyond the budget line (the City plans to borrow for settlements)

Exact amount: -$151,741,708.64

Calendar year 2026

Settlement payments so far in 2026 are larger than the full-year budget line. This negative box keeps the boxes adding up to the budget. The 2026 Budget Overview says amounts above the budgeted resources will be financed and repaid over five years, and the Civic Federation says the budget uses debt to cover police settlements. The report does not say which fund or bond issue pays each item. Payments are authorized payment requests from the Law Department to the Comptroller from 2026-01-02 to 2026-07-31, unaudited, and may change after reconciliation. The report names no fund or account, so a payment is placed here by its department only.

Settlement payments so far this year ($234.3 million through 2026-07-31) are bigger than the $82.6 million budgeted for this line. This negative box keeps the boxes adding up to the budget, and the City plans to borrow to cover the extra.

This box takes money away from the box above.

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