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(Ken Teegardin / Flickr)

The city of Chicago could be in line for a giant windfall of tax revenue, just in time to face down a $700 million budget gap.

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Brian Battle, director of Performance Trust Capital Partners, speaks about the city’s growing pension liability with WTTW News on July 8, 2019.

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.

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 “The reason we haven’t solved the pension problem is because of political will, pure and simple,” Chicago Mayor Lori Lightfoot said on Monday, July 1, 2019.

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.

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(Ken Teegardin / Flickr)

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?

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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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