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.

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.

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.

Mayor Rahm Emanuel said Eddie Johnson, his pick for CPD interim superintendent, has received support inside and outside of the police department. “I think he has the chops to make the changes that are necessary,” Emanuel said to Paris Schutz.

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.

Who is going to make sure Chicago aldermen play by the rules? A major step forward Monday in determining the answer to that – a sign that City Council could finally be ready for real reform and transparency. But will powerful forces derail this latest effort? Paris Schutz has details.

As Chicago aldermen push for new oversight of City Council and take a hard look at proposals to borrow billions, they’re also faced with ongoing ethics questions about the city’s Law Department and police review authority. A panel of aldermen joins "Chicago Tonight" to discuss those issues and the search for a new police superintendent. 

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.

"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.

Chicago’s top cop is expected to be in the hot seat as the City Council holds a hearing on the police department’s proposed 2016 budget.

Mayor Rahm Emanuel joins us for his first extended interview since proposing his so-called "last resort" budget.

Mayor Emanuel unveils his much anticipated doomsday budget proposal. How much pushback will it get from residents and aldermen? We ask four of them.

Mayor Rahm Emanuel joins "Chicago Tonight" on Thursday to discuss his proposed $7.8 billion budget for the upcoming fiscal year. We’ll ask him about the tax and fee hikes he’s pitching. What questions do you have for the mayor?