The head of the board handling the Chicago Teachers Union’s pension fund disclosed a toxic culture among trustees and claimed some union members had been pushing to hire former staffers of Illinois House Speaker Michael Madigan.
Before this week’s whirlwind four-day emergency session of the General Assembly, Mayor Lori Lightfoot rolled snake eyes twice in her bid to shape the rules for a Chicago casino. What her victory means for the city.
With the acknowledgement that “our choices remain hard, our fiscal situation challenging,” Illinois Gov. J.B. Pritzker on Wednesday delivered his proposal for a $42 billion state spending plan for the coming fiscal year.
One year ago, Illinois got a new leader when J.B. Pritzker was sworn in as the state’s 43rd governor. Pritzker reflects on his first year in office and looks ahead to what’s next.
Mayor Lori Lightfoot isn’t folding her cards just yet on a new casino tax structure, though a deal proved elusive Wednesday. That leaves just one remaining day in the veto session for a framework to be finalized and get through both chambers of the Illinois General Assembly.
Consolidating scores of local firefighter and police pension funds could save Illinois taxpayers between $820 million and $2.5 billion in the next five years, according to a report published by a state task force.
Watch the mayor’s full speech outlining “where we are, where we’ve come, and what we see as a path forward.” With commentary by our own Paris Schutz and Becky Vevea of WBEZ.
Just how big is the city’s budget deficit? And will Mayor Lori Lightfoot propose new taxes to close it? Lightfoot will likely spell out some of that in a much-anticipated “State of the City” address Thursday evening. Here’s a preview.
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.