Chicago’s municipal pension is one of the worst-funded pension systems in the nation despite sky-high taxes dedicated to paying into it. Fat pensions such as former Ald. Walter Burnett’s show why.
The Chicago City Council will allow residential developments near public transit to build without imposing parking space minimums, offering a major boost for affordability and the city’s housing supply.
Chicago’s second-longest serving alderman is seeking a stay of prosecution on federal bribery charges, arguing she is “not medically fit to stand trial.” The plea comes eight days after Ald. Carrie Austin voted on the council floor to approve the city budget.
Chicago aldermen had until Sept. 2 to reject a roughly 10% pay raise for next year. The highest-earning council members will make $142,772 starting Jan. 1, 2023 – more than double the city’s median household income.
Chicago Ald. Patrick Daley Thompson was implicated in the plea agreement of a former bank employee who federal prosecutors said played a critical role in the embezzlement scheme. She said millions in theft was covered up before the bank failed.
Chicago Ald. Edward Burke was secretly videotaped in City Hall by federal authorities as part of the corruption probe into Illinois politics. Burke reportedly confided in an informant how they would avoid being caught.
Chicago introduces an ordinance to remove restrictions on accessory dwelling units, paving the way to encourage entrepreneurship and further combat the city’s affordable housing crisis
Prairie State politicians are allowed to determine when they have a conflict of interest, and whether they should recuse themselves from voting or disclose a conflict. HB 4041 would change that.
The new ordinance backed by Chicago Mayor Lori Lightfoot allows food trucks and other mobile entrepreneurs to operate with more freedom on city streets.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.