Chicago’s City Council has approved a $16.7 billion budget for 2026, signaling a pivotal step in guiding the city’s financial outlook. The measure now heads to Mayor Brandon Johnson, reflecting the council’s ongoing push to legislate on major municipal issues.

Chicago’s Financial Future Task Force has suggested taxing online sports bets to help rectify a tight city budget. This move could raise millions, but the betting industry warns it may result in higher costs for consumers.