A $43 million busway built to whisk conventioneers between downtown hotels and McCormick Place has turned into “the mayor’s road” and should be opened to taxicabs in exchange for a surcharge, Ald. Robert Fioretti, 2nd said Monday. Fioretti suggested turning the...
With almost 20,000 CTA bus trips a day, tempers sometimes flare on a few of them. Regular users of the CTA know what an obstacle course it can be. On the CTA’s 1,200 rail cars, riders are often met with a variety of frightening encounters- from armed robbers and...
Letter from Senator Ted Cruz to Chicago Mayor Rahm Emanuel, Bank of America, TD Bank Group Putting folks in their place.
While Emanuel can coast for two more years, the city in 2015 is required by law to set aside an additional $700 million a year for two of its four pension funds, all of which are woefully underfunded: That year’s budget will include a total of $1.2 billion for...
[Chicago’s] Chief Financial Officer Lois Scott reminded council members that absent significant changes to pension plans, the city will be forced to drastically cut services, raise taxes or do both to close a funding gap that could reach $700 million in just a...
