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Mayor Rahm Emanuel will soon unveil his 2016 budget, which is reported to include a $500 million property tax increase. A panel of aldermen reacts to the proposal – which the mayor says isn't enough to cover Chicago's budget woes – and discusses other ideas for possible city revenue streams.

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Forrest Claypool

Chicago Tonight has learned that the new head of the Chicago Public Schools, Forrest Claypool, sends his child to Francis W. Parker, an exclusive, private school in Lincoln Park.

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The Iran Nuclear Deal: To its proponents it's a comprehensive agreement that will keep Iran from acquiring nuclear weapons, to its detractors it's a naive and flawed deal that undermines the United States' closest ally in the region. Tonight, Israeli Consul General Roey Gilad and Loyola University professor of political science and national security specialist John Allen Williams debate the merits of the deal.

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Were you watching this week? Test your knowledge with these eight questions.

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Since news leaked last week that Mayor Rahm Emanuel is considering a record high property tax increase of $500 million, the mayor says he’s confident the City Council will stand with him and his plan to overcome the city’s massive financial hurdles. Tonight we’ll ask aldermen to sound off on the property tax increase and other tax proposals.

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Were you watching this week? Test your knowledge with these eight questions.

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(Photo courtesy Bryce Edwards / Flickr)

Were you watching this week? Test your knowledge with these six questions.

Change in Corporate Income Tax Floated

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There’s a potential third way out of the deadlock over how to close a $6 billion state budget gap. Gov. Bruce Rauner is refusing to sign off on a budget without changes to collective bargaining and public employee unions. And the Democrats are refusing to go along with that. So, what are the alternatives? Paris Schutz has the details.

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Were you watching this week? Test your knowledge with these six questions.

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A plan to provide nearly $500 million in relief to the cash-starved CPS is locked up in an ideological battle over collective bargaining. Paris Schutz joins us with more on the story.

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(Photo by slworking2 / Flickr)

Were you watching this week? Test your knowledge with these six questions.

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