Mayor Rahm Emanuel and James Ade (left),  president of the police sergeant union,  announce pension agreement. (Credit: Craig Dellimore/WBBM Newsradio)

Emanuel Defends Move To Borrow $900 Million

In the blink of an eye, the Chicago City Council today authorized nearly a billion dollars in borrowing and more and Mayor Emanuel is defending the move.


Millennium Park

Budget Watchdog Surprised To Learn Daley Borrowed Millions To Run Millennium Park

The Daley administration took out nearly $30 million in loans to run the park, from the year after it opened, until the former mayor left office.


File Photo Of A Silhouette Of Firefighters (Photo by Carlo Allegri/Getty Images)

City To Borrow Nearly $80M To Settle 1995 Firefighters’ Exam Lawsuit

The Emanuel administration said Tuesday it will essentially borrow money to compensate thousands of African-Americans who were passed over by the city’s firefighter entrance exam in 1995, which courts have ruled was discriminatory.

WBBM Newsradio–10/23/2012

DuPage County Sheriff Badge Graphic. (DuPage County Sheriff)

DuPage County Sheriff’s Office Stuck Borrowing Radios For NATO Summit

The DuPage County Sheriff’s office is being criticized this morning for not preparing properly for the NATO Summit weekend.

CBS Chicago–05/18/2012

Forest Preserve

Forest Preserve Plans To Borrow Money To Add Land, Upgrade Facilities

Cook County Forest Preserve officials expect to add more land this year, and also make repairs to some picnic enclosures.

CBS Chicago–04/05/2012

Dan Rutherford

State Treasurer Opposes More Borrowing

Illinois State Treasurer Dan Rutherford said Sunday that the state’s gargantuan debt has pushed Illinois to “the verge of a financial disaster.”

CBS Chicago–05/22/2011

Judy Baar Topinka (Photo From Judy Baar Topinka Website)

Topinka: State Can’t Keep Borrowing

Critics say the State of Illinois is robbing Peter to pay Paul in its plans to borrow money to balance the state budget, and now, Comptroller Judy Baar Topinka is calling for major changes.

CBS Chicago–04/28/2011

Gov. Pat Quinn Budget Address

Quinn Wants To Borrow Billions, Consolidate School Districts

With an income tax hike already in effect, Gov. Pat Quinn has presented a budget plan that would not raise any new taxes or fees, but would still cut state aide to the poor, reduce a number of services and borrow billions of dollars to pay overdue bills.

CBS Chicago–02/16/2011

Gov. Pat Quinn (AP Photo/Seth Perlman)

Report: Quinn Wants To Borrow To Pay Bills

Published reports are describing what Gov. Pat Quinn will have to say in his budget message to be delivered Wednesday.

WBBM Newsradio–02/14/2011

Illinois State Capitol

State Declines To Borrow For Human Services

State lawmakers have declined to borrow more than $8 billion to catch-up on funding agencies that held the elderly, seniors, children and those with special needs.

WBBM Newsradio–01/13/2011

Gov. Pat Quinn

Report: Quinn Seeks To Borrow For State’s Bills

A new report says Gov. Pat Quinn has a proposal for dealing with some of the states huge number of unpaid bills.

WBBM Newsradio–12/28/2010