Mayor Lori Lightfoot on Wednesday will deliver her first budget address, with an expected plan to close an $838 million budget deficit. She’s already accounted for $200 million of that with a proposal to refinance $1.3 billion in city borrowing.
Michael Belsky
A day after Chicago Mayor Lori Lightfoot marked her 100th day in office, she delivered her first “State of the City” address at Harold Washington Library. Our panel reacts to the speech and offers analysis.
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?
Could profits from public assets like Midway Airport help fund Chicago’s pensions? The former mayor of Highland Park thinks so.
A Cook County judge ruled Friday that Chicago's plan to change city workers’ pensions was unconstitutional. The city vows to appeal the decision. We look at the ruling, whether any pension reform can be constitutional, what the consequences are to the city's plummeting bond rating, and whether the city will have to raise taxes to cover the pension liability.
