Political deal-making and market flops have certainly contributed to Chicago’s $19.5 billion public pension crisis. But as Mayor Rahm Emanuel hunts for solutions, experts say one thing must change: Illinois’ archaic, “one-of-a-kind” pension math that may have set Chicago up for failure decades ago.
Illinois Republican U.S. Sen. Mark Kirk, an outspoken supporter of gay rights, is getting flak for abruptly cancelling the Capitol Hill meeting room reservation for a symposium hosted by a socially conservative group.
Cable TV customers could end up paying more as part of Chicago Mayor Rahm Emanuel’s plan to help balance a nearly $339 million budget deficit next year.Emanuel’s administration hopes to bring in $9 million in 2014 by raising the city’s amusement tax by two percentage points on cabl
Victims of torture by Chicago police under former commander Jon Burge would get reparation payments, free community college and a formal apology under a proposal introduced to the City Council Wednesday.