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.
The state is withholding tax money from south suburban Harvey because it has fallen behind on its pension payments. Will others follow?
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.
Illinois’ state employee pension plan, one of the largest in the nation, has retired from hedge funds. Find out why.
Lawmakers consider a radical new proposal to solve the state’s massive pension crisis. Why they think it’s the best way to go.
As Chicago property owners pay more money toward teacher pensions, a look at where exactly the money is going.
Retirement can be lucrative for some former Illinois educators who are taking home pensions from the state’s Teachers Retirement System. A records request submitted by Chicago Tonight reveals the top 200 pension earners receive well into the six figures.
A taxpayer watchdog group releases a list of the top 200 pension earners in Chicago, and all of them make more than six figures annually. But are high benefits the only reason Chicago taxpayers are drowning in red ink?
The head of the Chicago Teachers Union joins us with a report on the first day of school.
Exactly how much more money can Chicago homeowners expect to pay to fund Chicago teacher pensions?