Chicago Police Officer Jason Van Dyke has been formally indicted in the fatal shooting of 17-year-old Laquan McDonald, whose death was captured in a widely viewed police dashcam that sent thousands of protesters marching down Chicago streets.

On Tuesday, a grand jury returned an indictment on six murder charges and one count of official misconduct, according to court records.

Like a character in a Greek tragedy, Chicago mayor Rahm Emanuel’s hubris has done him in. Already reeling from a host of intractable big-city problems—ranging from a financial inferno to chaos at the Chicago Public Schools (CPS)—a new scandal involving the suppression of a video showing the Chicago police shoot and kill 17 year-old Laquan McDonald has his administration on the brink of collapse.

It didn’t have to be this way. Emanuel was elected mayor in 2011 as the handpicked successor to the flagging Richard M. Daley. He entered office like a whirlwind, giving the city a badly needed jolt of energy. Immediately putting his Rolodex to work, Emanuel jawboned major corporate CEOs into committing to add thousands of jobs in Chicago. He announced an innovative financing program called the Chicago Infrastructure Trust with former president Bill Clinton. He made a push for a longer school day in the mayorally controlled CPS. He unveiled a major legacy project in the form of a lavish $100 million Riverwalk.

The Board of Education on Wednesday approved $250 million in more borrowing for Chicago Public Schools system, more than half of which will be used to keep the district operating.

Some $130 million of “cash-flow borrowing” is necessary for the financially strapped district, which is still seeking $480 million to balance its current operating budget, Ron DeNard, CPS’ senior vice president of finance, told the board.

If management is Mars and labor is Venus, we must be in the universe called Chicago Public Schools.

In a conference call with reporters, schools CEO Forrest Claypool said Tuesday he has offered the Chicago Teachers Union a four-year contract that would guarantee no layoffs for the rest of this school year. There would be a “net pay increase” in the deal. The threat of massive teacher job cuts would go poof, for now.

Though Claypool has been warning for months of layoffs to resolve the district’s $480 million budget gap, he said Tuesday that was “never even possible.”

Burr Ridge officials expect to have to find as much as $100,000 in savings or another revenue source to cover the village’s increased payment into the police pension fund for the 2015-16 fiscal year.

The village will levy $697,784, which is 60 percent of its total 2015 tax levy, for police pensions. That is a 22.6 percent increase from its 2014 levy (taxes are always paid a year later). The 2015 tax levy will be used for taxes payable in 2016.

Governing bodies always levy a higher amount than they expect to receive to ensure that all new construction and hikes in assessed valuation are received. Without levying higher for increases, those increases would not be added to the governing body’s tax base.

The hearing, led by Cook County Commissioner Richard R. Boykin, came amid heightened criticism of the Chicago Police Department. Chicago is in Cook County.

According to an investigation by The Guardian newspaper, the Chicago Police Department runs a secretive detention site at Homan Square, a sprawling compound that includes various police operations.

A clout-heavy charter-school firm that operates four taxpayer-funded schools in Chicago is suspected of defrauding the government by funneling more than $5 million in federal grants to insiders and “away from the charter schools,” according to court records obtained by the Chicago Sun-Times.

No criminal charges have been filed in the ongoing investigation of Des Plaines-based Concept Schools, which has built a network of powerful supporters, including Illinois House Speaker Michael Madigan, D-Chicago.

According to the newly obtained court documents filed by law-enforcement authorities, the company, its contractors and “many” of its privately run, taxpayer-financed charter schools across the Midwest “engaged in a scheme to defraud a federal program.”

A Chicago company designed to streamline event-management for corporate clients, has received a major infusion of capital from investors and plans to increase hiring to support a spike in business.

Eved, founded in 2010, announced Wednesday it has raised $14.3 million from new and existing investors, including Huizenga Capital Management, which led the round; MK Capital, Pritzker Group Venture Capital, and Merrick Ventures, which is headed by Michael Ferro, whose Wrapports LLC owns the Chicago Sun-Times.