For almost two decades, Chicago has been stewing over a $1.15 billion deal to lease 36,000 parking meters to an investor group led by Morgan Stanley. Now, with the meters set to change hands, the city council is seizing on an opening to push back.
For almost two decades, Chicago has been stewing over a $1.15 billion deal to lease 36,000 parking meters to an investor group led by Morgan Stanley. Now, with the meters set to change hands, the city council is seizing on an opening to push back.
A cyclist rides past a Chicago Parking Meters pay station in Chicago's Pilsen neighborhood. Photographer: Terrence Antonio James/Chicago Tribune/Getty Images
A flood of data center projects with their heavy power and water demands are introducing credit risks for state and local governments, according to Moody’s Ratings.
A flood of data center projects with their heavy power and water demands are introducing credit risks for state and local governments, according to Moody’s Ratings.
A Microsoft data center in Aldie, Virginia, US, on Tuesday, Oct. 28, 2025. Microsoft Corp. is scheduled to release earnings figures on October 29. Photographer: Lexi Critchett/Bloomberg
Water utilities are selling bonds at a record pace to upgrade aging pipes and meet tougher regulations as they prepare for a potential pullback in federal funding.
Water utilities are selling bonds at a record pace to upgrade aging pipes and meet tougher regulations as they prepare for a potential pullback in federal funding.
A water pipeline in Santa Clarita, California, U.S., on Friday, April 22, 2022. U.S. natural gas prices have almost doubled this year to the highest since the shale revolution more than a decade ago, driving up energy costs and helping fuel the fastest inflation in 40 years.
Illinois legislators early Monday morning passed a nearly $56 billion budget for the fiscal year starting July 1, aiming to ease higher health-care and housing costs while bracing for potential federal funding cuts.
Illinois legislators early Monday morning passed a nearly $56 billion budget for the fiscal year starting July 1, aiming to ease higher health-care and housing costs while bracing for potential federal funding cuts.
The Illinois State Capitol Building in Springfield.
The Chicago Transit Authority sued the Trump administration over its freezing of billions of dollars in federal funds intended to modernize and expand the city’s elevated trains and subways.
The Chicago Transit Authority sued the Trump administration over its freezing of billions of dollars in federal funds intended to modernize and expand the city’s elevated trains and subways.
A Chicago Transit Authority train in the Loop neighborhood of Chicago.
Illinois Lieutenant Governor Juliana Stratton won the Democratic nomination for the state’s US Senate seat on Tuesday, beating a rival who far out-spent her and handing a victory to her boss and potential 2028 presidential candidate, Governor JB Pritzker.
Illinois Lieutenant Governor Juliana Stratton won the Democratic nomination for the state’s US Senate seat on Tuesday, beating a rival who far out-spent her and handing a victory to her boss and potential 2028 presidential candidate, Governor JB Pritzker.
Juliana Stratton during a primary election night event in Chicago on March 17. Photographer: Christopher Dilts/Bloomberg
Fitch Ratings lowered Chicago’s credit grade one notch due to the city’s deficits and the friction between Mayor Brandon Johnson and the city council, underscoring the mounting financial challenges facing the third-largest US city.
Fitch Ratings lowered Chicago’s credit grade one notch due to the city’s deficits and the friction between Mayor Brandon Johnson and the city council, underscoring the mounting financial challenges facing the third-largest US city.
Illinois Governor JB Pritzker proposed an approximately $56 billion budget for the coming year as the state faces higher costs and more uncertainty around federal funding under President Donald Trump.
Illinois Governor JB Pritzker proposed an approximately $56 billion budget for the coming year as the state faces higher costs and more uncertainty around federal funding under President Donald Trump.
Illinois Governor JB Pritzker is proposing a new fee on social-media companies that he says would raise about $200 million a year for education as his state confronts greater uncertainty around federal funding under President Donald Trump.
Illinois Governor JB Pritzker is proposing a new fee on social-media companies that he says would raise about $200 million a year for education as his state confronts greater uncertainty around federal funding under President Donald Trump.
Illinois Governor JB Pritzker Photographer: Chris J. Ratcliffe/Bloomberg
Chicago is seeking to sell about $1 billion in debt the city is owed from things like unpaid parking tickets even as a top finance official warns the unprecedented offering is expected to be costly with uncertain investor appetite.
Chicago is seeking to sell about $1 billion in debt the city is owed from things like unpaid parking tickets even as a top finance official warns the unprecedented offering is expected to be costly with uncertain investor appetite.
Chicago is seeking to sell about $1 billion in debt the city is owed from things like unpaid parking tickets even as a top finance official warns the unprecedented offering is expected to be costly with uncertain investor appetite.
Chicago is seeking to sell about $1 billion in debt the city is owed from things like unpaid parking tickets even as a top finance official warns the unprecedented offering is expected to be costly with uncertain investor appetite.
Illinois Governor JB Pritzker’s budget office is warning that the state is facing higher costs and more uncertainty as President Donald Trump’s administration threatens to pull back federal funding.
Illinois Governor JB Pritzker’s budget office is warning that the state is facing higher costs and more uncertainty as President Donald Trump’s administration threatens to pull back federal funding.
Illinois Governor JB Pritzker said he is reviving a two-year-old proposal to fully fund the state’s pension systems by 2048, tackling one of its largest long-term liabilities as he also works to close a looming budget gap.
Illinois Governor JB Pritzker said he is reviving a two-year-old proposal to fully fund the state’s pension systems by 2048, tackling one of its largest long-term liabilities as he also works to close a looming budget gap.
He failed on his campaign promises to tax the rich. Then city council members passed a budget without his blessing. Now his opponents are building a war chest that could be used to unseat him next year.
He failed on his campaign promises to tax the rich. Then city council members passed a budget without his blessing. Now his opponents are building a war chest that could be used to unseat him next year.
Chicago Mayor Brandon Johnson speaks during a press conference in Chicago in August 2025. Photographer: Kamil Krzaczynski/AFP/Getty Images
Chicago Mayor Brandon Johnson said he is confident the city will find a new finance chief and warned of possible layoffs by mid-year after a budget battle fueled concerns about revenue shortfalls.
Chicago Mayor Brandon Johnson said he is confident the city will find a new finance chief and warned of possible layoffs by mid-year after a budget battle fueled concerns about revenue shortfalls.
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