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.
Does Illinois really have a balanced budget? Local analysts weigh in.
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?
A new wrinkle on the age-old tale of Illinois’ pension mess. Our politics team digests the top stories of the week.
Illinois' new governor cites a list of early accomplishments. But the fate of his biggest plans, including overhauling how the state taxes its residents, is still up in the air.
Illinois’ long-term pension debt tops $130 billion. What Gov. J.B. Pritzker plans to do – and what he won’t do – about that crushing burden.
Mayor Rahm Emanuel makes a major announcement on addressing the city’s pension crisis. What the plan calls for – and what it means moving forward.
He may be leaving office soon, but Mayor Rahm Emanuel is about to put forward a proposal that’s likely to generate controversy as the race for his successor heats up.
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.
Mayor Rahm Emanuel has floated the idea of selling more than $10 billion in pension obligation bonds. We dig into the idea.
The city of Harvey finally strikes a deal with its underwater police and fire pension funds. What it could mean for hundreds of other Illinois towns.
With billions in unfunded pension liabilities, what options remain for lawmakers to defuse the state’s pension time bomb?
After massive layoffs in Harvey because of its underfunded pensions, a look at which other municipalities could be in similar trouble.