Chicago is facing an uncertain financial future as Mayor Lori Lightfoot prepares to detail how she plans to close a projected budget deficit of $733 million in 2022, budget experts told “Chicago Tonight” on Thursday.
“State and municipal budgets across the nation and here in Illinois are being decimated,” Gov. J.B. Pritzker said Wednesday. “It’s not a blue state problem or a red state problem.”
It’s her first week in office, but Mayor Lori Lightfoot doesn’t have time to waste when it comes to city finances. How can Chicago address its fiscal troubles?
Mayor Rahm Emanuel has floated the idea of selling more than $10 billion in pension obligation bonds. We dig into the idea.
The city of Harvey finally strikes a deal with its underwater police and fire pension funds. What it could mean for hundreds of other Illinois towns.
After massive layoffs in Harvey because of its underfunded pensions, a look at which other municipalities could be in similar trouble.
The state is withholding tax money from south suburban Harvey because it has fallen behind on its pension payments. Will others follow?