Rauner Veto Concerns CPS, Chicago’s Massive Transit TIF & The 4th Ward Race Kicks-Off
Meet all five candidates hoping to unseat 4th Ward Alderman Sophia King in a special election next February. Appointed by Mayor Rahm Emanuel this past Spring, Ald. King details how she plans to hold on to the seat at a time when her challengers try to label her as a flack for the Mayor. Education advocates and Chicago Public School officials blast Gov. Bruce Rauner for vetoing a bill that would have provided CPS with some much needed cash, $215 million, to make its next payment to the teachers’ pension fund. We’ve also got all the details on the massive new transit TIF the City Council approved this week. The largest TIF in city history, it’l levy a portion of property taxes from homes and businesses around the Red Line to help pay for a $2.1 billion modernization effort of the century old system. The federal government is pitching in half the cost.