Chicago City Council voted 44‑6 on Monday to require Mayor Brandon Johnson to apply the $75 million upfront payment from the recent parking‑meter sale to the 2026 budget for additional pension debt payments.
The payment, supplied by Stonepeak Partners, had been slated by the mayor for other purposes. The council’s directive aims to cover a $75 million shortfall in the mayor’s pre‑election budget and to increase contributions toward the city’s pension obligations.