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Chicago Mayor Lori Lightfoot waves after being sworn in during her inauguration ceremony Monday, May 20, 2019. (AP Photo / Jim Young)

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?

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A new wrinkle on the age-old tale of Illinois’ pension mess. Our politics team digests the top stories of the week.

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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.

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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.

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New developments in the federal investigation of Ald. Ed Burke. Mayor Rahm Emanuel swings for the fences on pensions. Mayoral petition challenges are heating up. And the Bears look to avenge their loss to the Packers.

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“No one thing is going to solve the problem across four funds,” Mayor Rahm Emanuel said of Chicago’s pension crisis on Wednesday, Dec. 12, 2018.

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.

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In this file photo, Chicago Mayor Rahm Emanuel speaks to the media on Wednesday, Oct. 31, 2018.

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.

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Chicago Mayor Rahm Emanuel (Chicago Tonight file photo)

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?

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Could profits from public assets like Midway Airport help fund Chicago’s pensions? The former mayor of Highland Park thinks so.

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(Ken Teegardin / Flickr)

Mayor Rahm Emanuel has floated the idea of selling more than $10 billion in pension obligation bonds. We dig into the idea.

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Attorney and former Chicago Ald. Bob Fioretti represented the city of Harvey. (Chicago Tonight file photo)

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.

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(Ken Teegardin / Flickr)

With billions in unfunded pension liabilities, what options remain for lawmakers to defuse the state’s pension time bomb?

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(Loco Steve / Wikimedia Commons)

After massive layoffs in Harvey because of its underfunded pensions, a look at which other municipalities could be in similar trouble.

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Attorney Bob Fioretti represents the city of Harvey.

The state is withholding tax money from south suburban Harvey because it has fallen behind on its pension payments. Will others follow?

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(Ken Teegardin / Flickr)

Ralph Martire of the Center for Tax and Budget Accountability explains this week’s ruling and what city leaders might do next to address the Chicago Park District’s financial woes.

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(Ken Teegardin / Flickr)

Illinois’ state employee pension plan, one of the largest in the nation, has retired from hedge funds. Find out why.