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Living in the Chicago area is about to get even more expensive. Not only is Mayor Rahm Emanuel seeking a record high property tax increase to help shore up police and firefighter pensions. But today Cook County Board President Toni Preckwinkle is asking for a county tax on recreational activities like golfing and cable TV to help plug the county's budget deficit. 

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With just two days until Gov. Bruce Rauner delivers his first budget address, analysts are debating how best to tackle Illinois’ massive budget deficit. The Institute for Illinois' Fiscal Sustainability at the Civic Federation has released a five-year state budget roadmap that it says will stabilize Illinois while protecting important government services.

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The Institute for Illinois' Fiscal Sustainability at the Civic Federation has released a five-year state budget roadmap that it says will stabilize Illinois while protecting important government services. The group says its plan will eliminate the state's unpaid bills by Fiscal Year 2020 and make sure state budgets are balanced.