Each year, the Council Office of Financial Analysis (COFA) publishes Budget Options Reports to provide City Council with a range of potential policy changes aimed at improving the City of Chicago’s fiscal health. These reports present revenue-generating proposals and cost-saving measures for the City to consider, along with analysis of their financial impact, feasibility, and potential implications for service delivery and equity. By offering a menu of options rather than recommendations, the reports serve as a resource for informed decision-making during the annual budget process and beyond.