The Chicago City Council Finance Committee has signed off on Mayor Emanuel’s plan to add another billion dollars to the city’s debt load, reports WBBM’s Nancy Harty.
Gov. Pat Quinn has appointed former U.S. Atty. Patrick Fitzgerald and former CTA Board chair Carole Brown to a panel tasked with recommending reforms for the Chicago area’s public transit agencies, in the wake of patronage allegations at Metra.
Tax-increment financing, or TIF, is a controversial economic development tool that has been abused in Chicago. Mayor Rahm Emanuel on Monday vowed again to add oversight to the program.