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Almost $1B in property taxes to be used in CTA funding plan for $3.6B Red Line extension

Chicago Transit Authority wants to help fund a long-stalled extension of the Red Line by creating a new tax increment financing district sure to face an uphill battle in the City Council. ....

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$3.6 billion Red Line extension plan would use almost $1 billion in property taxes

To extend the Red Line to 130th Street, the CTA hopes to land a $2.16 billion federal grant and must come up with $1.44 billion to match it. To do that, it plans to raise $950 million through a special tax district for transit projects. ....

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Annual city audit shows Chicago on road to post-pandemic recovery

The certified annual financial report for 2021 shows Chicago closed the books on 2021 with a total fund balance of $679.1 million ....

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Illinois to Use $2.7 Billion in Federal Relief Funds to Pay Off COVID-Related Debt

When COVID-19 shutdowns left a record number of people suddenly out of work, Illinois saw record applications for unemployment benefits. That increase drained the state fund that pays out those benefits, the Illinois Unemployment Insurance Trust Fund. ....

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Watchdog praises Pritzker budget, frowns on gas-tax freeze

SPRINGFIELD, Ill. (AP) A respected tax and budget watchdog on Thursday praised Gov.. ....

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