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Chicago Mayor Lori Lightfoot waves after being sworn in during her inauguration ceremony Monday, May 20, 2019. (AP Photo / Jim Young)

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?

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Chicago Mayor Rahm Emanuel (Chicago Tonight file photo)

In his final budget before leaving office, Mayor Rahm Emanuel is promising no major tax or fee increases, but there are significant new costs. How will they be paid for?

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Could profits from public assets like Midway Airport help fund Chicago’s pensions? The former mayor of Highland Park thinks so.

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(Ken Teegardin / Flickr)

Ralph Martire of the Center for Tax and Budget Accountability explains this week’s ruling and what city leaders might do next to address the Chicago Park District’s financial woes.

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(BeyondDC / Flickr)

The City Council on Monday advanced the mayor’s 2018 budget proposal, but not without some trepidation from aldermen.

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City budget hearings are underway. A panel of aldermen joins us with their take on the city budget and Chicago’s long-term fiscal health.

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Mayor Rahm Emanuel says city finances are finally “back on track” after years of fiscal uncertainty and poor credit ratings. But does the claim hold true? 

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Some fee hikes and tax relief in the upcoming city budget. Mayor Rahm Emanuel is promising tax relief for homeowners as part of his 2018 city budget proposal.

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Preliminary numbers released Monday show that the city’s financial picture is improving. But is the news all good?

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Alex Holt

A look at the city’s past, present and fiscal future with the outgoing city budget director who is stepping down after six years.

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Can the city and Chicago Public Schools get on the road to fiscal health without bankruptcy? Lessons from other cities.

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Skeptical about how the government spends your money? We preview a documentary about a movement that gives citizens their 2 cents in how tax dollars are spent.

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Have decades of budgetary tricks and rising pension costs made bankruptcy inevitable for the city of Chicago as well as its public school system? We debate the issue.

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With the city's finances in a dire state and Mayor Rahm Emanuel looking to borrow billions, “Chicago Tonight” sits down with the head of the City Council's independent budget office, Ben Winick.

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Mayor Rahm Emanuel's record $588 million property tax hike sailed through the City Council today with only 15 aldermen voting against it. The hike is the centerpiece of Emanuel's bad news budget that imposes additional taxes and fees. We speak with a panel of aldermen about the budget and how they voted.

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"I'm not going to allow Springfield's dysfunction to become Chicago's dysfunction," Mayor Rahm Emanuel said during an extended interview before Wednesday's City Council vote on his proposed budget that includes a nearly $600 million property tax hike.

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