The state of Illinois is hoping investors will snap up $800 million worth of bonds next week. The investment world has not looked kindly on Illinois bonds in recent years as the state has struggled with a mountain of debt.
When Chicago Mayor Rahm Emanuel released his first budget plan last month, he said, “A budget is about priorities.” Over the past few weeks, the ensuing process to arrive at a final budget has involved a push-and-pull between aldermen and the mayor, rallies by residents and lobbying by interest grou
Chicago Mayor Rahm Emanuel is restoring cuts to city libraries and pushing an across-the-board increase in vehicle sticker prices after a majority bloc of aldermen raised objections to some unpopular pieces of the mayor's proposed budget.
Evanston and Chicago, both lakefront communities with a lot going for them, including diverse populations and impressive cultural and economic draws; but Eight Forty-Eight wondered, when stacked against each other, how do they compare?
Mayor Emanuel delivered his view of Chicago’s fiscal future Wednesday: He presented his 2012 budget to Chicago’s City Council. In order to close a deficit expected to run over $600 million, the mayor utilized a number of different tactics.
After School Matters is practically a household name in Chicago. It's the city's premier afterschool program, founded 20 years ago by former first lady Maggie Daley. It offers needy high school students apprenticeships—20,000 of them this year alone.
While the sound of leaves crunching underneath may soon fill the air, one of September’s big activities has been number crunching. Chicago’s Inspector General issued a report suggesting ways the City could boost revenues and trim the fat, and Mayor Emanuel’s budget is expected in a couple of weeks.