In 2015, the City Council Office of Financial Analysis (COFA) was created to serve as the City Council’s independent budgetary arm. COFA provides the City Council with fiscal analysis of legislation, forecasts, and budget recommendations.
COFA applies the tools of financial analysis to budget recommendations and forecasts, the City's annual audit, proposed public-private partnership agreements or asset leases, bond rating agency actions, and other matters as requested by Aldermen. COFA also provides an options report of potential cost-saving reforms and efficiencies.
Contact us at cofa@cityofchicago.org
Latest COFA Publications
2025 Budget Forecast Analysis
2023 ACFR
2024 State of the Economy
COFA Departmental Budget Hearings Book
Bond Proposal
Ratings & Outlook Changes for Chicago Bonds
2024 Budget Options Report
2024 Budget Forecast Analysis
Natural Gas or Electric – Chicago’s Choice
2023 Proposed Budget Analysis
2024 Proposed Budget Analysis
2023 Budget Forecast Analysis
Department Main Office
City Council Office of Financial Analysis
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121 N. LaSalle St, Ste 200
Chicago, IL 60602
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Janice Oda-Gray
Chief Administrative Officer