Illinois’ income tax will hold steady in 2020 and despite warnings from Mayor Lori Lightfoot, Chicago’s new budget avoids a major property tax hike. But before you go on a holiday shopping spree, a word of caution.
chicago finances
Nov 29, 2019 |
Starting Jan. 1, parking meter rates will increase across Chicago, peaking at $7 per hour in the Loop. While the city doesn’t collect that revenue, Mayor Lori Lightfoot’s administration estimates it will save $7.9 million with the plan. Here’s how.
Nov 26, 2019 |
The City Council on Tuesday approved Mayor Lori Lightfoot’s $11.6 billion budget plan by a vote of 39 to 11. Four Chicago aldermen join us to discuss their support and opposition to that spending plan.
Nov 26, 2019 |
Taking an Uber or a Lyft, dining out, and parking at a metered spot will cost Chicagoans more come January, on account of the new city budget approved Tuesday by the City Council, following a nearly two-hour debate.
Nov 22, 2019 |
Despite gripes from aldermen, the mayor’s first budget advances. Who will replace the top senator in Springfield? Cops go to court. Fraud at City Colleges. And can the Bears pull off a win this weekend?
Nov 20, 2019 |
By this time next week, Chicago alderman will have voted on the city’s next budget. Mayor Lori Lightfoot is optimistic that her budget will pass, even as progressive groups say she’s breaking campaign promises.
Nov 13, 2019 |
Mayor Lori Lightfoot on Wednesday alleged that ride-hailing giant Uber offered to pay off black ministers to the tune of $54 million if they would join a campaign to publicly oppose a $40 million ride-hailing tax proposal – a claim the company denies.
Nov 6, 2019 |
Is the mayor’s plan for a real estate transfer tax hike dead on arrival or could a new so-called win-win compromise supported by some Democratic lawmakers create a path forward?
Oct 23, 2019 |
Mayor Lightfoot laid out her plan to resolve the city’s massive deficit, but any final budget will require the support of aldermen. Weighing in on that and more: Alds. Scott Waguespack, Ray Lopez and Jason Ervin.
Oct 23, 2019 |
Mayor Lori Lightfoot delivered her first budget address Wednesday at City Hall amid a swirl of protests from striking Chicago Public Schools teachers and support staff outside. How she plans to close the budget gap.
Oct 22, 2019 |
Mayor Lori Lightfoot on Wednesday will deliver her first budget address, with an expected plan to close an $838 million budget deficit. She’s already accounted for $200 million of that with a proposal to refinance $1.3 billion in city borrowing.
Sep 10, 2019 |
Talk of a possible city congestion tax is heating up. On Monday, the CEO of Uber said he supported the idea to help ease Chicago traffic and raise revenue. But how would it work, and could it drive away business?
Sep 5, 2019 |
In her “State of the City” speech last week, Chicago Mayor Lori Lightfoot said she wants to reduce traffic congestion in the city – and make money in the process. Could congestion pricing come to Chicago?
Sep 3, 2019 |
City Council members are still digesting Mayor Lori Lightfoot’s “State of the City” address, in which she revealed an $838 million budget shortfall. We get reaction from Alds. Raymond Lopez and Nicholas Sposato.
Aug 29, 2019 |
The number that had been kept under wraps for weeks is finally out in the open. “If it sounds like a large number, that’s because it is,” Mayor Lori Lightfoot said Thursday during her first “State of the City” address.
Aug 28, 2019 |
Just how big is the city’s budget deficit? And will Mayor Lori Lightfoot propose new taxes to close it? Lightfoot will likely spell out some of that in a much-anticipated “State of the City” address Thursday evening. Here’s a preview.
