City of Chicago Investor Relations

Welcome to the City of Chicago’s investor relations site, and thank you for your interest in City of Chicago bonds.

This site is maintained by the Office of the Chief Financial Officer, which oversees the City’s debt management function. The Office funds the City’s capital improvement needs through the responsible issuance of municipal debt, approves the structure, terms and conditions of all City debt, maintains records of bonded indebtedness, ensures payment of debt, and manages the City’s liquidity portfolio.

Chicago is the third most populous city in the United States, a home rule unit of local government with an elected Mayor and a 50-member City Council. Its economy is among the most diverse in the nation, with no single industry sector representing more than 13% of the economy and 32 Fortune 500 companies in the metropolitan area. The City adopts a balanced budget each year, and its 2026 budget closed a projected Corporate Fund gap of $1.19 billion through revenue measures, expenditure adjustments, available resources, and other actions.

As of December 31, 2025, the City had about $11.1 billion of general long-term bonded debt outstanding, with 16% scheduled to be repaid within five years and 41% within ten. This site covers the City’s General Obligation, Water, Wastewater, O’Hare International Airport, Midway International Airport, and Sales Tax Securitization bonds. The airport, water, and wastewater bonds are secured by airport revenues and by water and wastewater fee revenues, and the Sales Tax Securitization bonds by dedicated sales tax revenues. The 2025–2029 Capital Improvement Program outlines $18.1 billion of planned infrastructure investment, with about $3.9 billion funded by bonds.

We are committed to transparency. The City has received the Government Finance Officers Association’s Certificate of Achievement for Excellence in Financial Reporting for 32 consecutive years, and it manages its debt under a published debt management policy. This site carries our annual comprehensive financial reports, budgets, capital improvement programs, and investor conference materials, and we post revenue reports each month.

We welcome your questions and suggestions about the information we provide. Please contact us anytime.

City of Chicago
Office of the Chief Financial Officer
121 N LaSalle, Room 700
Chicago, IL 60602
Investor.Relations@CityofChicago.org
(312) 744-8674