Chicago Mayor Lori Lightfoot called out Ald. Ed Burke after corruption indictments. Now she is reforming the city’s mismanaged workers’ compensation program that a lawsuit said Burke used to build a political army.
Persistent budget deficits, enormous and growing pension obligations, a high debt burden and labor contract negotiations all await Lori Lightfoot as she settles into office.
The Illinois Supreme Court sided with the city of Chicago following a yearslong court battle over some of the nation’s toughest food truck restrictions.
Illinois stands above its peers when it comes to taxing residents. But Chicago makes it really something to behold when visitors see that famous skyline with all its tall taxes.
Each Chicago taxpayer is on the hook for $119,110 worth of unfunded state, city, county and other local government debt. Many of the pensions driving those debts become Lori Lightfoot’s problem on Monday.
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.