Budget

Mayor Emanuel Launches Interactive Website for 2012 Budget Process

On Friday, Mayor Rahm Emanuel revealed a preliminary projected budget gap of $635.7 million for the City’s 2012 budget. The Mayor also announced the launch of an interactive website about the 2012 budget process so that Chicagoans can share their input, and released the City’s first-ever Annual Financial Analysis. “I have committed to making the [...]

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Mayor Emanuel Signs Order Creating Budget & Financial Planning Process

Mayor Emanuel signed an Executive Order creating a long-term budget and financial planning process for the City of Chicago on Friday. “It is our responsibility to make sure that we are spending the taxpayers’ hard-earned dollars wisely,” said Mayor Emanuel. “Without planning for the future, beyond the next year, we cannot guarantee we are doing [...]

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Mayor Emanuel Forms Task Force on TIF Reform

Mayor Rahm Emanuel announced the formation of a task force on TIF reform to bring transparency, accountability and efficiency to the TIF system. “This committee has a simple task: to create accountability systems that will ensure our TIF investments go to projects that have real return for taxpayers – new jobs and new economic development,” [...]

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Mayor Emanuel’s Finance & Budget Team

Mayor Rahm Emanuel created a Council on Budget, Business Development and Economic Issues. The newly created committee will be tasked with completing a comprehensive examination of the City’s budget in order to improve services and promote efficiency. The Council will ask how the City can bring down costs to provide taxpayers with the best services [...]

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Civic Federation Critical of Quinn’s 2012 Budget

The Civic Federation is criticizing Gov. Pat Quinn’s proposed 2012 budget after analyzing the spending plan. Civic Federation President Laurence Msall and AFSCME’s Executive Director Henry Bayer join us on Chicago Tonight at 7:00 pm to discuss this topic. According to Msall, Quinn’s budget overestimates revenues by $976 million because it doesn’t set aside enough [...]

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Thousands of Protesters Swarm Wisconsin State Capitol

Thousands of protesters gathered at the Wisconsin State Capitol to protest against Republican Gov. Scott Walker’s plan to strip collective bargaining rights from most public employees. Walker says the move is necessary, given the state’s budget woes. But workers have been protesting since last week, calling it an assault on workers’ rights and an attempt [...]

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