The City of Chicago lies mired at the bottom of a list of the 15 largest U.S. cities in terms of its bond rating, the Wall Street rating agency Standard & Poor's reported recently.
Some of the blacked-out text in Chicago Mayor Rahm Emanuel's recently released emails has been restored, the Chicago-based Better Government Association (BGA) reported recently.
Two California appeals court rulings that public employee pensions may be changed so long as the changes are "reasonable" will probably not cause ripple effects in Illinois despite its need for some kind of financial miracle, a government watchdog researcher said recently.
Putting a four-year freeze on the statewide average weekly wage paid in workers' compensation cases is one of the provisions in Illinois' so-called Grand Bargain that Eugene Keefe says he and the Illinois Chamber of Commerce can live with, at least for now.
While much of the nation knows all about Chicago's shocking murder rate and economic struggles, the Chicago Public Schools (CPS) recently released its annual financial report that indicates a dramatic divergence of enrollment and costs, with the former plummeting over the past decade and the latter skyrocketing.