Budget Deficit

One of the take-home cars that 20 top administrators at Metra have access to 24 hours a day, 365 days a year, costing the agency about $500,000 a year. (Credit: CBS)

Some Metra Administrators, Staff Get Free Take-Home Cars

Metra is asking riders to dig deeper in their pockets. Fares could go up as much as 20 percent next year. There’s also talk of service cuts, but there’s no talk of eliminating a major perk for some of the agency’s administrators and staff – free take-home cars.


Mayor Rahm Emanuel

Economic Worries Might Complicate City Budget Woes

Questions about the economy constitute a new threat to Chicago’s already shaky financial picture. As CBS 2 Chief Correspondent Jay Levine reports, Mayor Rahm Emanuel has been working on the city’s 2012 budget, trying to figure out how to eliminate a $600 million deficit.

CBS 2–08/09/2011

Chicago Public Schools

CPS Considering Property Tax Increase

Chicago Public Schools administrators, still faced with a deficit of more than $600 million after making significant cuts, are considering more job cuts and a property tax increase.

CBS Chicago–07/01/2011

(Credit: Illinois Department Of Revenue)

U Of I Report: Tax Hike Won’t Fix State Deficit

A new report from the University of Illinois on Wednesday said that the income tax hike recently approved by Gov. Pat Quinn and the General Assembly is not enough of a solution to the state’s $15 billion deficit.

WBBM Newsradio–01/19/2011

Gov. Pat Quinn

UPDATED: Quinn Defends Income Tax Hike

Gov. Pat Quinn is defending his support for a massive income tax increase, saying the state was facing a crisis and “we had to take decisive action.”

CBS Chicago–01/12/2011

Illinois Gov. Pat Quinn. (AP File Photo/M. Spencer Green)

First Elected Term Brings Big Challenges For Quinn

Even if state lawmakers approve a major income tax hike as Gov. Pat Quinn is inaugurated for his first elected term, the state’s budget problems will last long after he’s sworn in on Monday.


Laurence Msall

Civic Federation: Tax Hike Won’t Lower Deficit

The oldest non-partisan government research organization in the state says the proposed Illinois income tax increase will not help lower the state’s $15 billion deficit.

CBS Chicago–01/07/2011

Illinois State Capitol

Quinn, Lawmakers Still Working On Tax Hike

Gov. Pat Quinn and legislative leaders in Springfield have been meeting repeatedly this week, trying to hammer out an agreement that would raise the state’s income tax in an effort to solve a massive budget deficit.

CBS Chicago–01/05/2011

Former White House Chief of Staff Rahm Emanuel (R) campaigns for Chicago Mayor (John Gress/Getty Images)

Rahm Emanuel Tours Chicago Factory

Potential mayoral candidate Rahm Emanuel toured a west side factory and he spoke about what he would do to help close the city’s 650 million dollar budget deficit.

WBBM Newsradio–11/08/2010

Classroom (Photo by Matt Cardy/Getty Images)

School District To Trim $5M Budget Deficit

Superintendent Ray Lachner says he and his staff have some tough decisions to make before next year.

WBBM Newsradio–10/19/2010