Mayor Lori E. Lightfoot announced that the City will begin a new effort to significantly boost tax and fees collection enforcement with vendors doing business with the City.  The effort, which will prioritize overdue fees and tax remittances to maximize returns, is anticipated to yield up to $25 million in uncollected taxes and licensing fees next year.  After performing an accounts receivable tracking and monitoring assessment to help prioritize its collection efforts, the City will implement a new monitoring process to pursue outstanding tax and fee remittance from vendors engaged in contracts with the City. The City will move away from old processes to a new system that will ensure frequent and comprehensive debt checks to expedite payments by City vendors, and to help more companies stay in compliance. The new accounts receivable processes are subject to City Council approval, as part of a proposed code amendment authorizing the Office of the Comptroller to enter into data sharing agreements with the state and other governmental entities supporting more comprehensive tax collection processes.  The City’s 2020 Budget will be presented by Mayor Lightfoot during the annual budget address, scheduled on October 23.