Flickr user 401(K) 2012 / "Money" (CC v. 2.0)

The City of Chicago is preparing to make its final case to the Illinois Supreme Court that changes to some of its underfunded pension systems are constitutional.

City attorneys argue their changes to city workers’ retirement benefits prevent the funds from running out of money.

Let’s say the pension funds run out of money. The city thinks unions representing those workers will go back to court - asking a judge to force the city to pay the very pensions that are out of money.

Mayor Rahm Emanuel is crediting Chicago's workforce and its transportation networks for the decision by Kraft Heinz to move Oscar Meyer's headquarters to the city.

Kraft Heinz announced Wednesday about 250 corporate jobs will be relocated from Madison, Wisconsin to Chicago, where Oscar Meyer was founded in 1883.  

The announcement came as the newly-merged company announced it will close seven plants in the U.S. and Canada over the next two years and eliminate 2,600 jobs.

Hannah Meisel / Illinois Public Radio

Financial trouble in Illinois's biggest city has many worried about Chicago's potential ripple effects on the state with money problems of its own. Gov. Bruce Rauner sees an opportunity in Chicago's fiscal mess.

For all the trouble Illinois is in, Chicago is in deeper. The city's bonds are considered "junk" by the country’s leading ratings agencies.

The school system has closed over 50 facilities and laid off hundreds over the past few years, and the mayor last month proposed a $600 million property tax hike just to pay for its police and fire pensions.

Chicago Taxi Drivers Plan 24-Hour Strike

Oct 8, 2015
United TaxiDrivers Community Council

Chicago taxi drivers are planning a 24-hour strike until Friday morning. 

The strike is to protest Mayor Rahm Emmanuel’s plan to allow rideshares like UberX to pick up and drop off passengers at airports.

The United Taxidrivers Community Council say the move could finish off the taxi industry altogether. They are also opposing a fare increase and a 50-cent surcharge for each fare.

Mayor Rahm Emanuel’s proposal to increase property taxes by $600 million could cost aldermen political capital.

Chicago aldermen were asked to decide if their constituents can handle living in a more expensive city.

Emanuel says the city owes so much to its retiring police and firefighters that he has to raise property taxes. He says a vote for his budget will put aldermen in the history books for pulling Chicago from the financial brink

Attorneys for the City of Chicago say city employees will be worse off if Supreme Court justices strike down their pension plan.

A Cook County judge sided with unions in ruling against changes Mayor Rahm Emanuel wants to make to city employees’ retirement benefits.

In the city’s appeal to the Illinois Supreme Court, attorneys write that the two pension funds will run out of money within 13 years without changes. They argue employees may sue the city to put money into the pensions.

The Many Walks Of Life On A Greyhound Bus

Sep 17, 2015
Katie Finlon / WNIJ

The line goes from Chicago to Davenport, Iowa each day. 

I was curious what the experience was like for those riders. So I took a little round trip from DeKalb to Davenport.

I didn't even board the westbound 8:30 a.m. bus before two women shared their reasons for their trips.

Motorola Moving Schaumburg Headquarters ... But Not Far

Sep 15, 2015

Motorola Solutions is now the latest company to move its headquarters from the suburbs to downtown Chicago. The communications company will leave some employees back in Schaumburg - but by next summer, its global headquarters and around 800 workers will call 500 West Monroe Street the home office. 


Flickr user Daniel Borman / "Money, Money, Money" (CC BY 2.0)

Illinois state lawmakers are warning key figures in Chicago and Cook County governments to draft back-up plans for their underfunded pensions.

Chicago Mayor Rahm Emanuel and Cook County Board President Toni Preckwinkle are both trying to approve changes to the retirement benefits their government workers receive because the funds are running out of money.

But that comes after the state Supreme Court called reductions in benefits to State of Illinois employees’ pensions unconstitutional. /

Four police officers were released on a $10,000 bond Monday after they were charged with lying under oath in a 2013 drug case. 

Police Sgt. James Padar and officers William Pruente and Vince Morgan, all from Chicago, and Glenview officer James Horn were charged with felony perjury. There were questions about how evidence in a marijuana arrest was obtained.