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Another "Assumed" Budget

We've railed at this before, but basing the budget on "projected revenue" is the same as basing it on hopes and dreams that one day, a money tree will suddenly start sprouting hundred dollar bills: Mayor Rahm Emanuel on Friday released...Show More Summary

Rabbit-Hole Math: Chicago Proposes Bonds that Make No Periodic Payments; When Does Stupidity Stop?

Chicago Eyes Bonds that Delay RepaymentsChicago Mayor Rahm Emanuel has his eyes on raising money via Capital Appreciation Bonds.CABs saddle taxpayers with higher costs because they delay interest and principle payments until a final lump-sum payment at the end. Show More Summary

Emanuel needs $754M more to make ends meet

Mayor Rahm Emanuel must come up with at least $754 million in new revenue and budget cuts to balance the city's books, according to preliminary 2016 budget estimates the administration released Friday.

Emanuel proposes $20 million in TIF money for Payton College Prep

A long-planned expansion to Walter Payton College Prep High School would be largely financed with $20 million from tax-increment financing districts under a proposal from Mayor Rahm Emanuel's office.

Emanuel looks to borrow another $500M but stays mum on specifics

Mayor Rahm Emanuel is planning to borrow another $500 million, some of which will be used to push more debt off into the future at a higher cost to taxpayers.

Emanuel administration: 'Nothing is being hidden' on Blackhawks practice site

Mayor Rahm Emanuel on Thursday would not provide a full financial picture of his administration's deal to redevelop the Malcolm X College site into a Blackhawks practice center and a Rush University expansion.

Chief Keef: Mayoral Candidate From Hell

2 days agoNews : The Daily Beast

The weapon-brandishing rapper has upped the ante in his feud with Chicago Mayor Rahm Emanuel, announcing plans to run for mayor of Chiraq. Be afraid. Be very afraid.

Emanuel defends privatization guidelines

Mayor Rahm Emanuel on Wednesday defended his proposal to add more steps before public assets can be privatized, saying it will help protect Chicagoans from another deal like the despised parking meter lease, even as critics argued the changes don't go far enough.

Judge rejects Emanuel request to delay pension ruling changes

A Cook County judge Wednesday rejected Mayor Rahm Emanuel's attempt to delay the effects of a ruling last week that tossed out the city's effort to cut benefits for City Hall workers and laborers pending an appeal to the Illinois Supreme Court.

Property tax hike? Emanuel says taxpayers must wait to find out

Mayor Rahm Emanuel on Tuesday would not shut the door on a property tax increase to balance the city's books and ease its reliance on heavy borrowing, saying taxpayers will have to wait until he unveils his budget proposal in September to find out.

Chief Keef Criticizes Rahm Emanuel, Says He's Running for Mayor of Chicago

Photo via Instagram When Chief Keef planned a free concert in Chicago where he'd perform via hologram, he reportedly faced opposition from City Hall. The show was subsequently moved to Hammond, Indiana, but was shut down by police after one song. Show More Summary

Cars make way for bikes in transit-oriented housing proposal

Mayor Rahm Emanuel plans to soon introduce changes to the city's transit-oriented development ordinance that would dramatically expand the areas eligible for city incentives and let developers off the hook for parking if they instead make room for bicycles.

Two mayors, including Rahm Emanuel, ban Chief Keef hologram performances

Who’s carrying on the legacies of C. Delores Tucker and Tipper Gore? As it turns out, two mayors in the Midwest. Both Chicago Mayor Rahm Emanuel and Thomas M. McDermott Jr., the mayor of Hammond, Ind., used their offices to put the kibosh on hologram performances by rapper Chief Keef. On Saturday night, police cut the […]

Judge finds Chicago's changes to pension funds unconstitutional

Mayor Rahm Emanuel's administration said it will appeal a Cook County judge's decision Friday that ruled unconstitutional a state law reducing municipal worker pension benefits in exchange for a city guarantee to fix their underfunded...Show More Summary

In Key Decision, Junk-Rated Chicago's Pension Reform Bid Ruled Unconstitutional

On Thursday, we previewed a critical court ruling involving Chicago mayor Rahm Emanuel’s effort to cut pension expenses and plug a yawning budget gap. Here’s a brief recap of the story so far: Back in May, the Illinois Supreme CourtShow More Summary

Investors see golden opportunity in Chicago's budget woes

Mayor Rahm Emanuel has warned Chicago homeowners that property tax bills could "explode" without budget relief from Springfield. The Chicago Public Schools are facing massive budget cuts that would force hundreds of layoffs. Residents across the city are paying higher fees for water, vehicle stickers,...

Chicago’s Plan to Change Pension Benefits Is Ruled Unconstitutional

The ruling by Judge Rita Novak is seen as a setback to Mayor Rahm Emanuel’s efforts to rein in costs, and the city is expected to appeal.

City Hall braces for pension law ruling

City Hall is bracing for a ruling Friday on whether Mayor Rahm Emanuel's plan to scale back pension benefits for city workers and laborers passes legal muster.

Zeke Emanuel, brother of Mayor Rahm Emanuel, putting in stint as chef

Zeke Emanuel, the mayor's brother, is an oncologist, bioethicist, professor, provost, author and an ex-Obama White House aide.

Emanuel picks lobbyist, ex-Madigan aide as City Hall chief of staff

Mayor Rahm Emanuel has named a lobbyist and former top aide to House Speaker Michael Madigan to be the next chief of staff at City Hall.

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