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Chicago's preliminary projected gap in the next budget, when Mayor Lori Lightfoot has vowed to reach structural balance, is down from an $867 million estimate.
May 19 -
Chicago Mayor Lori Lightfoot chose a $1.7 billion proposal from Bally's over two rival plans as the city looks to casino gambling as a new source of revenue.
May 6 -
Joliet closed on two federal WIFIA loans that mark a milestone in the the city's plans to overhaul its water infrastructure.
May 4 -
Chicago must navigate council concerns over crime, traffic, gambling addiction, and labor demands as it moves closer to choosing a casino development proposal expected to generate $200 million in annual revenue.
April 27 -
Joliet is embarking on a $784 million project to replace old water mains and design and engineering work for a new transmission line from Lake Michigan.
March 29 -
The Illinois Sports Facilities Authority projects a fiscal 2022 shortfall in hotel tax collections needed to repay the annual state advance that covers debt service.
February 24 -
Alderman Patrick Daley Thompson, the grandson and nephew of Chicago mayors, was found guilty of federal charges of making false statement and tax fraud.
February 15 -
The state-approved benefit change for some Chicago firefighters adds $180 million to the city's unfunded tab and $700 million to contributions over 30 years.
January 27 -
In his new role, Kurt Summers will look for opportunities to partner with local governments to advance their infrastructure priorities.
January 26 -
Fitch raised the CBOE’s issuer default rating and outstanding unlimited tax GOs to BB-plus from BB and outstanding dedicated capital improvement tax bonds to A from A-minus.
December 29