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?
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?
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.
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.
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.
The city of Chicago saw a little more tax revenue than expected last year. That’s the sliver of good news in a new report that spells out the bleak long-term financial forecast.
If Chicago wants to ease its pension problems, it’ll need $1 billion in new taxes over the next three years. But Mayor Lori Lightfoot reportedly has another plan up her sleeve.
Mayor Lori Lightfoot has appointed the city’s first “chief risk officer.” What exactly does that job entail – and how will it save Chicago millions of dollars a year?
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?
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?
Could profits from public assets like Midway Airport help fund Chicago’s pensions? The former mayor of Highland Park thinks so.
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.
The City Council on Monday advanced the mayor’s 2018 budget proposal, but not without some trepidation from aldermen.
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.