Chicago’s pension debt soared by approximately $1.7 billion in 2019, according to the city’s audited annual financial report released Thursday.
Aldermen signed off on Mayor Lori Lightfoot’s plan to spend $1.13 billion in federal funds designed to help the city cover the cost of responding to the coronavirus pandemic.
Protesters across the city and nation continue to push for police reforms that some elected officials say should include defunding the police. That’s just one of the topics on the City Council’s packed agenda Wednesday.
The final cost to hire 100 private security guards to patrol the South and West sides to protect businesses from a second weekend of looting and damage that never materialized was $400,000, Chicago officials said.
The dire financial picture for Chicago comes after Mayor Lori Lightfoot insisted through mid-April that the city was well-prepared to weather the economic storm whipped up by COVID-19.
Before this week’s whirlwind four-day emergency session of the General Assembly, Mayor Lori Lightfoot rolled snake eyes twice in her bid to shape the rules for a Chicago casino. What her victory means for the city.
The city will expand mental health treatment for people struggling to cope during the coronavirus pandemic, Mayor Lori Lightfoot announced Thursday.
Wednesday marks one year in office for Chicago Mayor Lori Lightfoot, who began her tenure as a political outsider determined to uproot the old system of aldermanic control. But that all changed two months ago.
The economic crisis caused by the coronavirus pandemic has added “in excess of $500 million” to the city of Chicago’s projected budget deficit for 2021, Chief Financial Officer Jennie Bennett told aldermen Monday.
The office designed to help aldermen keep tabs on how the city spends tax dollars is set to get a new leader after nearly a year without anyone at the helm.
Over the past year, the 9th Ward alderman has emerged as a staunch critic of Mayor Lori Lightfoot. Now, he says Lightfoot has downplayed the negative impact the pandemic is having on the city’s budget.
Mayor Lori Lightfoot has just a “fragile” hold on a City Council majority that allows her to govern the city — but warning signs are flashing, according to an analysis of City Council votes during her first 11 months in office.
A one-on-one with Mayor Lori Lightfoot, who spent part of the week in Springfield lobbying lawmakers to approve a bill that would ease some of the casino taxes and fees. We discuss that and more with the mayor.
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.