city budget

Aldermen voted 46-3 Tuesday to approve the transfer of Chicago Parking Meters LLC to New York-based infrastructure investment firm Stonepeak Partners, clearing the way for a $2.53 billion transaction after months of negotiations over concessions for the city. #parking #chicago

According to the Civic Federation, the legislation is projected to increase required city contributions to the Police and Fire pension systems by approximately $8.4 billion between 2025 and 2055, representing about $1.7 billion in present value. #pension #civicfederation #chicago

Critics point to recent incidents in Oak Lawn and other south suburban communities where businesses with video gambling terminals have been targeted by burglars seeking cash stored inside the machines. #gambling #crime #chicago