Chicago real estate mogul Sam Zell has a lot of concerns about the U.S. economy in the wake of the COVID-19 pandemic, and he expects markets have only just begun to feel the impact. 

Sheila Weinberg interviews Bobby Rand, a former senior staffer for the New Jersey State Treasurer's office and Local Bond Issuer Manager.

The script for the Chicago budget season is well known. The budget office announces the umpteenth annual new and unexpected budget crises.

In other words, it is completely unclear what is the state of California's finances. 

Lightfoot’s budget blueprint for the rest of this year and next year might not look painful to the average Chicago taxpayer. But it relies heavily on expensive borrowing.

In Mayor Lori Lightfoot’s efforts to close a $1.2 billion gap in the city budget, City Hall will shift more costs onto Chicago Public Schools.

What’s it called if you bail someone out who’s not in trouble?

Some Illinois taxpayers could be paying nearly 60 percent combined federal and state marginal tax rates if Joe Biden is elected president and Illinois voters approve the graduated income tax. That’s according to the nonpartisan Tax Foundation.

Mayor Lori Lightfoot on Wednesday will lay out how she plans to close the largest budget gap in Chicago’s history as Covid-19’s resurgence threatens to hobble the junk-rated city’s recovery in the years ahead.
 

Months after a new law took effect banning elected public officials from lobbying Chicago City Hall, Mayor Lori Lightfoot exchanged emails with a lobbyist who would have been barred under the new standards had they been enforced, the Tribune has learned.