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.

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.

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? 

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.

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

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

With collective bargaining agreements covering more than 90 percent of city workers set to expire this year, a new report from the inspector general highlights millions in potential savings.

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