Budget + Tax

Madigan declines to attend leadership meeting with Rauner

Madigan declines to attend leadership meeting with Rauner

The Nov. 8 election saw Madigan lose his supermajority in the Illinois General Assembly. Now, two Democrats are calling on the speaker to present his solution set for a state in fiscal crisis before pledging to vote for his re-election as House speaker.

By Eric Kohn

S&P hits Chicago Public Schools with credit downgrade

S&P hits Chicago Public Schools with credit downgrade

Standard & Poor’s sent Chicago Public Schools’ credit rating deeper into junk territory in the wake of the new $9.5 billion teachers’ contract. The ratings firm said the new contract will make the district’s financial crisis worse.

By John Klingner

Half of city aldermen don’t show up for Chicago budget hearings

Half of city aldermen don’t show up for Chicago budget hearings

Each year, the City Council holds hearings for every city department to justify their annual appropriation. These hearings are sparsely attended and rarely touch on spending. This year, more than half of Chicago aldermen skipped budget hearings.

By Chris Lentino

Sharon Wilbeck

Sharon Wilbeck

“Enough is enough. Our property taxes are some of the highest in the nation. People are having to move out of their homes because of it. That’s despicable. Businesses and people are leaving. Our good friends moved to Wisconsin for that very reason. We downsized and we’re doing OK, but for how long we don’t...