From a new water and sewer tax to O’Hare bonds and TIFs, Progress Illinois rounds up highlights from Wednesday’s Chicago City Council meeting.
The United Mine Workers of America plans to rally outside the U.S. Capitol Building Thursday morning in support of legislation to protect retired union members’ pensions and health care benefits.
Fitch Ratings lifted Chicago’s credit outlook to stable from negative Tuesday due to the city’s efforts to stabilize its pension funds.
Chicago Mayor Rahm Emanuel’s plan to shore up the city’s municipal pension fund calls for a new water and sewer tax.
Chicago Mayor Rahm Emanuel has a new proposal to address the city’s underfunded Laborers Pension Fund.
U.S. Sen. Elizabeth Warren joined U.S. Rep. Tammy Duckworth at a Chicago campaign event Friday to talk retirement security with seniors and other supporters. Progress Illinois provides highlights from the discussion.
Fitch Ratings downgraded Chicago’s credit rating Monday to “BBB-,” one notch above junk status.
A law aimed at tackling the Chicago Park District’s pension program is facing a court challenge after current and former workers filed a lawsuit against the city last week seeking to undo the changes.
An overhaul of the city of Chicago’s Municipal Employees and Laborers pension funds is “unconstitutional and void,” a Cook County Judge ruled Friday.