Mayor Rahm Emanuel said the city will not raise property, sales, or gasoline taxes to balance next year’s budget, but he was mum about which – if any – taxes might go up.
Newly introduced speed cameras may be the answer for Chicago city officials who struggling to plug a projected $300 million hole in the next budget. CBS 2 Chief Correspondent Jay Levine reports.
To help close a huge budget gap, Mayor Emanuel is planning to temporarily put a hold on hiring non-essential personnel reports WBBM Political Editor Craig Dellimore.
Chicago smokers could face even higher cigarette taxes as Mayor Rahm Emanuel tries to balance his proposed 2013 budget.
The City of Chicago may be facing a budget deficit of as much as $369 million next year, and reports are now surfacing that Mayor Rahm Emanuel may be looking at raising some taxes to close the gap.
As he prepares to unveil his preliminary 2013 budget today, Mayor Rahm Emanuel says he’s managed to cut the projected deficit in half.
Just one more day remains before the City Council votes on Mayor Rahm Emanuel’s first budget proposal.
Mayor Rahm Emanuel was experiencing a first on Wednesday – pushback from a majority of Chicago aldermen. It’s all over his budget plan for 2012.
Powerful City Council Finance Committee Chairman Edward Burke (14th) is again suggesting a cab fare surcharge to help boost city revenues.
“We can start shaping our city’s future or let it shape us,” Mayor Rahm Emanuel said as he unveiled a budget that will close three police stations, double water rates, and raise several other fees.
Mayor Rahm Emanuel is planning to raise several fines and fees imposed by the city of Chicago, while avoiding any tax hikes to balance a $600 million budget shortfall for next year. The mayor also reportedly plans to call for closing three police district stations and merge five police detective areas into three areas.
Mayor Rahm Emanuel revealed Wednesday that he plans to move forward with a controversial tax plan from his campaign for mayor – cutting the city’s sales tax, but applying it to several services that now go untaxed.
Mayor Rahm Emanuel is expected to eliminate the city’s Department of Environment as he continues to prepare his plan to close a projected $637 million budget shortfall.
Mayor Rahm Emanuel got another earful from concerned Chicagoans at the second town hall meeting this week to discuss the city budget.
The feisty fired traffic aide who stood up to Mayor Rahm Emanuel at his city budget town meeting Monday night, is now telling more of her story to CBS 2.
The first of several town hall meetings on Chicago’s city budget became heated Monday as Mayor Rahm Emanuel went nose to nose with some critics who challenge areas he has cut.
Mayor Rahm Emanuel touted a number of accomplishments he’s made in his first 100 days in office, but said those successes were just a “down payment” on his campaign promises to overhaul city government.
Mayor Rahm Emanuel is reaffirming his opposition to raising taxes to close the City of Chicago’s $635.7 million budget shortfall.
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.
Mayor Rahm Emanuel is encouraging Chicago residents to go online and give their ideas for how the city could save money.