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Chicago Budget

City Council Says Boo, But We Think Chicago IG's Budget Is a Treat

Andy Shaw | Posted 05.25.2011 | Chicago
Andy Shaw

Inspector General Joe Ferguson's recent budget-cutting suggestions were declared DOA moments after they arrived on the desks of City Council members.

Inspector General Takes Flak Over Budget Report

WBEZ | Posted 05.25.2011 | Chicago

28th ward alderman Ed Smith had harsher words for the Inspector General, saying he should "do his job and let the alderman focus on the budget." Ove...

Kicking the Can Down the Road -- Mayor Daley's Final Budget Proposal

Joe Moore | Posted 05.25.2011 | Chicago
Joe Moore

The Mayor delivered his budget address October 13, and he kicked the can to his successor. Once again the parking meter lease proceeds served as a convenient piggy bank.

'A Band-Aid On A Bullet Wound'

Chicago News Cooperative | Posted 05.25.2011 | Chicago

Ald. Leslie Hairston (5th) called the mayor's budget "a quick fix" that will force his successor and the aldermen to deal with deficits again in the c...

City For Sale: Daley Proposes Privatizing Taste Of Chicago, Recycling, More

Posted 05.25.2011 | Chicago

It's no secret that Chicago's mayor is a fan of privatization. In recent years, the Daley administration has cut lucrative (if mismanaged) deals to le...

School Cuts Protested By Teachers, Parents

NBC Chicago | Posted 05.25.2011 | Chicago

Chicago teachers and parents took to the streets Tuesday armed with chants like "save our schools" and "children first" and signs to protest proposed ...

Chicago Police Could See 2 Percent Pay Raises, Random Drug And Alcohol Testing

Chicago Tribune | Posted 05.25.2011 | Chicago

The City Council is poised to approve a new Chicago Police Department contract granting officers 2 percent average yearly raises after a committee rec...

Chicago Teachers Union To Sue Over 'Unsafe' Class Sizes

Chicago Sun-Times | Off the Kuff | Posted 05.25.2011 | Chicago

Chicago Teachers Union officials vowed to file suit today, charging that plans to raise city class sizes to 35 are unsafe and violate the municipal co...

The End Of The 'Shadow Budget'? Daley Mulls Using TIFs To Fill Deficit

Posted 05.25.2011 | Chicago

It has been investigated by some of Chicago's most dedicated journalists. It has been the subject of heated criticism, public debate and sunshine legi...

Wal-Mart Rears its Ugly Head Again and Other City Council News

Joe Moore | Posted 05.25.2011 | Chicago
Joe Moore

Four weeks ago, after a long and contentious debate, Chicago's City Council voted unanimously to allow a zoning change for a Wal-Mart to open a store in Chicago's far south side Pullman neighborhood.

GOING FOR BROKE: City's Bank Account Is Nearly Empty

Posted 05.25.2011 | Chicago

UPDATE: Chicago's budget director told aldermen that the city will face a $655 million budget shortfall in the coming year, according to a new Sun-...

Chicago To Dip Into Parking Meter, Skyway Funds As Budget Gap Looms

Chicago Sun-Times | Posted 05.25.2011 | Chicago

Chicago is facing a record budget shortfall -- approaching $700 million when the cost of police and fire contracts are factored in -- setting the stag...

The Shadow Budget: How The City Spends TIF Funds, Ward By Ward

Chicago Reader | Posted 05.25.2011 | Chicago

If ever there was a community in need of economic development, it's West Englewood. It's riddled with vacant lots. Those that aren't turning to swa...

Fox Chicago Report Suggests That Libraries Are A Waste Of Taxpayer Money

Posted 05.25.2011 | Chicago

In a provocative six-minute segment, Fox Chicago News sparked a debate that is catching fire nationwide: with the city facing a serious budget shortfa...

Chicago To Lose $68 Million In Funding From The State

Chicago Sun-Times | Posted 05.25.2011 | Chicago

Cities and counties across the state could be handcuffed into slashing police and fire forces, cutting back on waste removal and raising taxes under a...

Chicago Public Schools Dodges A Budget Bullet -- For Now

Paras Bhayani | Posted 05.25.2011 | Chicago
Paras Bhayani

By shortchanging teacher pensions, is Chicago Public Schools simply creating a bigger mess down the road?

Budget Cuts Already Hurting Chicago Human Services

Huffington Post | Will Guzzardi | Posted 05.25.2011 | Chicago

The Youth Summit for struggling neighborhood teens is mostly planned out -- the date's been chosen, the workshops are coming together. All that's left...

Daley Lashes Out At Quinn: Says Quinn Lied About Tax Share

Chicago Sun-Times | Posted 05.25.2011 | Chicago

Mayor Daley accused Gov. Quinn today of a political double-cross regarding the governor's proposal to cut $300 million from the share of state income ...

A Doomsday Plan for the Chicago Public Schools

Paras Bhayani | Posted 05.25.2011 | Chicago
Paras Bhayani

Chicago Public Schools chief Ron Huberman dropped an anvil on Chicago residents late last week when he announced that the district faces a $975 million deficit next year.

Chicago Ignoring $40 Million In Guaranteed Revenues From Recycling Program

Posted 05.25.2011 | Chicago

An Aurora-based contractor is offering the City of Chicago $40 million in guaranteed revenue over ten years. So far, the city's not biting. Free Gree...

City Asking Police, Firefighters To Take Furloughs

Chicago Tribune | Hal Dardick and John Byrne | Posted 05.25.2011 | Chicago

Mayor Richard Daley and some aldermen suggested today that police officers and firefighters take off nearly five weeks without pay to cut city spendin...

New City Budget Pulling $370M From Parking Meter Deal To Help Plug $550M Hole

CBS 2 | Posted 05.25.2011 | Chicago

You won't be paying any new taxes, but you also won't get to enjoy Venetian night and other long-running city events anymore either, as Mayor Richard ...

Daley Promises No New Taxes, Fines Or Fees In 2010 Budget

Chicago Sun-Times | FRAN SPIELMAN | Posted 05.25.2011 | Chicago

Arguing that Chicagoans are "suffering" and can't stand to pay any more, Mayor Daley said Thursday he would hold the line all taxes, fines and fees in...

Budget Approved By City Council Will Drain $270M From Parking Meter Fund

Chicago Sun-Times | FRAN SPIELMAN | Posted 05.25.2011 | Chicago

A windfall from the sale of Chicago parking meters that was supposed to last for 75 years would be nearly exhausted in just one year to stave off tax ...

After Parking Meters, Five Other Public Assets Daley Could Sell

Chicago Sun-Times | FRAN SPIELMAN | Posted 05.25.2011 | Chicago

After draining reserve funds generated by city asset sales, Mayor Daley has hitched Chicago's financial future to continuing the Great Chicago sell-of...