Interesting backstory on how the city was able to afford separating extra miles of the Lakefront Trail. Florida billionaire liked cycling.
chicagobusiness.com/article/201612…
chicagobusiness.com/article/201612…
ICYMI:
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Justin Laurence retweeted
This is so beautiful
"I know exactly who he was, I know what his gift could do, and I know that we were all just a little happier, a little better off, for getting to hear the song...for as long as we did."
@adamamin gives a touching tribute to his late partner, Stacey King ❤️
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New: Chicago received $75M from the transfer of the parking meter concession today, the same day Mayor Brandon Johnson delivered his $17.6B 2027 budget proposal.
There’s already a fight over how it should be used.
There’s already a fight over how it should be used.
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Johnson is proposing to sweep it into the general fund, contributing towards a planned $363M supplemental pension payment.
The aldermen who negotiated the deal say it’s meant for a pension payment above and beyond the annual supplemental payment.
chicagobusiness.com/politics-polic…
The aldermen who negotiated the deal say it’s meant for a pension payment above and beyond the annual supplemental payment.
chicagobusiness.com/politics-polic…
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Update: Mayor Brandon Johnson’s $17.6B 2027 budget includes $131.5M in new spending, including opening another mental health clinic, expanding tree trimming, $30.9 million for libraries, expanding a $7 million early childcare program and $24 million to expand youth hiring.
Updated story one the mayor’s budget proposal, including the chaotic scene at City Hall today as some alders learned of the budget on their phones reading news reports while in official budget briefings.
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Updated story one the mayor’s budget proposal, including the chaotic scene at City Hall today as some alders learned of the budget on their phones reading news reports while in official budget briefings.
Mayor Brandon Johnson’s 2027 budget proposal will include:
- $25 per employee/per month corporate head tax with carve-out for employees in disadvantaged n’hoods
- raising the lease tax from 15% to 20%, bringing in over $230M
- $500M + TIF sweep, sending $285M to CPS
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Mayor Brandon Johnson’s 2027 budget proposal will include:
- $25 per employee/per month corporate head tax with carve-out for employees in disadvantaged n’hoods
- raising the lease tax from 15% to 20%, bringing in over $230M
- $500M + TIF sweep, sending $285M to CPS
- $25 per employee/per month corporate head tax with carve-out for employees in disadvantaged n’hoods
- raising the lease tax from 15% to 20%, bringing in over $230M
- $500M + TIF sweep, sending $285M to CPS
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- Increase in sports betting tax
- extending .15 cent plastic bag tax to packages
- borrowing $480M for legal settlements
Johnson will formally unveil the proposal tomorrow.
chicagobusiness.com/politics-polic…
- extending .15 cent plastic bag tax to packages
- borrowing $480M for legal settlements
Johnson will formally unveil the proposal tomorrow.
chicagobusiness.com/politics-polic…
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Two of three SEIU locals endorse Sec. of State Alexi Giannoulias for mayor, cementing the break in the coalition that elected Mayor Brandon Johnson in 2023.
SEIU’s preference was to enforce through its joint IL State Council, but SEIU Healthcare held out.
SEIU’s preference was to enforce through its joint IL State Council, but SEIU Healthcare held out.
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Alexi’s ties to SEIU stretch back longer than Johnson’s, but the union formed the backbone along with CTU of the progressive movement built over the last decade and it’s a significant blow to the mayors campaign operations and fundraising.
chicagobusiness.com/politics-polic…
chicagobusiness.com/politics-polic…
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New: Mayor Brandon Johnson delayed a vote on his nominee to lead the city’s Law Dept., Renee Hatcher, amid opposition from the City Council over what they perceived as a lack of relevant experience.
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Hatcher began as acting corporation counsel this month and will remain there on an interim basis for the foreseeable future. Could become quite a fight if she doesn’t reach the 26 votes required for City Council approval.
chicagobusiness.com/politics-polic…
chicagobusiness.com/politics-polic…
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New: Mayor Brandon Johnson vetoes a City Council ordinance requiring 30 votes for new bond authorizations, his fourth veto this term as his fight with the council majority over the city’s finances rages on.
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The ordinance was approved last month with 32 votes, two shy of a veto-proof majority.
Three alders were absent for the vote, but two of them told me today they won’t join a veto override.
chicagobusiness.com/politics-polic…
Three alders were absent for the vote, but two of them told me today they won’t join a veto override.
chicagobusiness.com/politics-polic…
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As the White Sox were gearing up for a potential playoff clincher on the South Side today, Amtrak and a representative for likely future Sox owner Justin Ishbia were getting an earful from Bridgeport residents and City Council about their plans for the n’hood.
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Amtrak sought to assuage ppl about the environmental impact of their $900M maintenance facility while trying to separate the plan from Ishbia’s efforts to take control of a vast swath of the South Loop to potentially build a new Sox stadium.
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But the two projects are explicitly linked. Ishbia’s funding for the Amtrak facility will allow him to take ownership of their current 14th St home.
chicagobusiness.com/politics-polic…
chicagobusiness.com/politics-polic…
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Mayor Brandon Johnson is facing familiar foes as he tries to enact a one year ban on data centers: biz groups and trade unions are lining up to defeat the moratorium, an election year fight with well-defined sides.
chicagobusiness.com/politics-polic…
chicagobusiness.com/politics-polic…
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New: The night before the City Council vote on Stonepeak’s $2.53B acquisition of Chicago’s parking meter concession last week, Loop Capital’s Jim Reynolds joined calls with aldermen sharing how he believed they could get better financial terms in order to approve the transfer.
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Alders were also considering voting against or blocking the vote without further assurances Stonepeak would sell off Omni Air, a controversial company that handles federal deportation flights.
This morning, a Stonepeak subsidiary announced it had reached a deal to shed Omni
This morning, a Stonepeak subsidiary announced it had reached a deal to shed Omni
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Inside the negotiations that led to the compromise expected to be approved tomorrow.
chicagobusiness.com/politics-polic…
chicagobusiness.com/politics-polic…
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