Heather Gillers – Page 5

Chicago Mayor Rahm Emanuel speaks after being sworn in to a 2nd term as mayor Monday at the Chicago Theatre during inaugural ceremonies.

Emanuel delays $383 million in borrowing after credit downgrade

May 25, 2019 at 12:57 p.m.

Mayor Rahm Emanuel has decided to delay borrowing $383 million to restructure debt — a move that buys him time to try to get a better interest rate after last...

Zoe Harris, 3, adds tomatoes to her tortilla for lunch on May 12, 2015, at Little Hands Learning Center in Chicago's Beverly neighborhood. Little Hands passed its inspection and is in compliance with city food safety rules. Its inspection was in early March.

Chicago food safety inspectors overlook hundreds of day cares

June 14, 2024 at 6:50 p.m.

Chicago health inspectors failed to visit hundreds of day cares that prepare and serve food to young children last year, an oversight city officials attributed to "human error." State health...

Carole Brown, shown in March 2014 in Chicago, has been selected to become Chicago's new chief financial officer.

Mayor taps former CTA board chair as finance boss

May 15, 2019 at 2:43 p.m.

Mayor Rahm Emanuel on Friday named former CTA Chairwoman Carole Brown, an investment banker who counts the city among her clients, to take over as his chief financial officer amid...

Chicago’s credit is not at junk status, says Fitch Ratings

August 18, 2019 at 7:33 p.m.

Another ratings agency bumped down the city's creditworthiness on Friday but indicated the city is in better shape than the junk status assigned earlier this week by Moody's Investors Service...

Chicago Public Schools' Central Office in the Loop.

Chicago Public Schools debt also is downgraded to junk status

May 25, 2019 at 12:57 p.m.

Chicago's beleaguered public school system faces a likely increase in borrowing costs, tough bank negotiations and even calls for emergency state oversight after a major rating agency on Wednesday lowered...

Moody's Investors Service's move, a reaction to last week's Illinois Supreme Court ruling on pension changes, is likely to increase the city's borrowing costs.

Chicago credit rating plummets to junk status following pension ruling

May 25, 2019 at 12:57 p.m.

Chicago took yet another hit Tuesday when a major credit rating agency downgraded much of the city's debt to junk status, making it more difficult for Mayor Rahm Emanuel to...

Interim Chicago Public Schools CEO Jesse Ruiz, left, shown with school board President David Vitale, says the state government needs "to step up and do its part" to help the district address CPS' $1.1 billion deficit.

Chicago Public Schools proposes bare-bones capital budget

August 18, 2019 at 7:24 p.m.

Citing its bleak finances, Chicago Public Schools on Friday unveiled a $160 million capital budget that officials said will largely cover only projects that are already underway and "the most...

Emanuel plans $200M advance on city credit card to get out of complex deals

May 25, 2019 at 1:22 p.m.

Mayor Rahm Emanuel indicated Wednesday he plans to take a $200 million advance on Chicago's credit card to buy the city out of complex loan deals that have helped drag...

Tony Smith, the new Illinois superintendent of schools, was appointed to the Chicago Public Education Fund's board of directors in fall 2014, and he served on Gov. Bruce Rauner's transition team after the November election.

CPS’ billion-dollar budget hole leaves unappealing options

August 18, 2019 at 7:17 p.m.

With a nearly empty rainy day fund, a bond rating on the edge of junk status and a new round of teacher contract negotiations underway, Chicago Public Schools has no...

Chicago Mayor Rahm Emanuel and former Mayor Richard M. Daley in December during opening day of Maggie Daley Park. Documents show Emanuel is using some of Daley's borrowing tactics to keep up with the debt he inherited four years ago.

Emanuel uses borrowing to cope with Daley’s debt burden

August 18, 2019 at 7:04 p.m.

Mayor Rahm Emanuel has reduced spending and increased fines, fees and certain taxes to shrink the chronic budget deficits left over from his predecessor, Richard M. Daley. But four years...

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