|
(Ken Teegardin / Flickr)

The city of Chicago could be in line for a giant windfall of tax revenue, just in time to face down a $700 million budget gap.

|

The CTA, Metra and Pace might be running a little more efficiently going forward. After a 10-year drought, Chicago’s public transit system is set to receive billions in state capital funding.

|
Brian Battle, director of Performance Trust Capital Partners, speaks about the city’s growing pension liability with WTTW News on July 8, 2019.

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.

|
(Stephen M. Scott / Flickr)

Property taxes are on the rise in many parts of the city, and homeowners will soon get specifics on those hikes in the mail. See ward-by-ward changes for single-family homes across Chicago.

|
(kaleido-dp / Pixabay)

Mayor Lori Lightfoot has been upfront recently that city residents should expect to pay more in taxes to help fill persistent budget holes. One she’s eyeing? A tax on services.

|

If you filled up your gas tank Monday, you may have noticed it got pricier. What’s behind that bump, and what other new laws are going into effect at the start of Illinois’ new fiscal year.

|
Fritz Kaegi appears on “Chicago Tonight” on June 26, 2019.

Cook County property owners will soon be getting new property tax bills, and depending on where you live, you may see a steep increase. Cook County Assessor Frank Kaegi shares his road map.

|
(Éovart Caçeir at English Wikipedia)

Illinois could become a very different state, thanks to a bunch of measures legislators approved over the weekend. Here’s a rundown of budget bills and the new public works program.

|
(Ken Teegardin / Flickr)

Following a Memorial Day vote, Illinois voters will get a chance in 2020 to decide whether they want to fundamentally change the rules dictating how their income is taxed.

|
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?

|
(Meagan Davis / Wikimedia Commons)

Illinois’ legislative session in Springfield is scheduled to adjourn at the end of this month – and a lot remains unresolved. 

|
(uveX / Pixabay)

State Sen. Martin Sandoval’s legislation would hike the electric vehicle registration fees from $17.50 to $1,000. It would also include tax and fee increases on gas, license plates and driver’s licenses.

|
(Ken Teegardin / Flickr)

Outgoing Mayor Rahm Emanuel is the latest supporter of a retirement income tax. A look at the potential impact on Illinois, Chicago – and seniors.

|

Gov. J.B. Pritzker’s tax overhaul sails through the Senate. Heavy rains test flood-control fixes. Mayor-elect Lori Lightfoot preps for a summer violence spike, and the Cubs prep for division rival St. Louis.

|
(Stephen M. Scott / Flickr)

Cook County Treasurer Maria Pappas offers some last-minute tips ahead of the annual tax sale.

|
“This amendment will … let us adopt a system that is more fair to the middle class,” Gov. J.B. Pritzker said at a press conference in Springfield on Tuesday, April 9, 2019.

Gov. J.B. Pritzker says allowing the state to tax richer people at a higher rate is the only way to return financial stability to Illinois. We speak with supporters and opponents of the governor’s top legislative priority.

randomness