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(BeyondDC / Flickr)

The City Council on Monday advanced the mayor’s 2018 budget proposal, but not without some trepidation from aldermen.

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City budget hearings are underway. A panel of aldermen joins us with their take on the city budget and Chicago’s long-term fiscal health.

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Mayor Rahm Emanuel says city finances are finally “back on track” after years of fiscal uncertainty and poor credit ratings. But does the claim hold true? 

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Some fee hikes and tax relief in the upcoming city budget. Mayor Rahm Emanuel is promising tax relief for homeowners as part of his 2018 city budget proposal.

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Preliminary numbers released Monday show that the city’s financial picture is improving. But is the news all good?

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Alex Holt

A look at the city’s past, present and fiscal future with the outgoing city budget director who is stepping down after six years.

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Can the city and Chicago Public Schools get on the road to fiscal health without bankruptcy? Lessons from other cities.

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Skeptical about how the government spends your money? We preview a documentary about a movement that gives citizens their 2 cents in how tax dollars are spent.

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Have decades of budgetary tricks and rising pension costs made bankruptcy inevitable for the city of Chicago as well as its public school system? We debate the issue.

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With the city's finances in a dire state and Mayor Rahm Emanuel looking to borrow billions, “Chicago Tonight” sits down with the head of the City Council's independent budget office, Ben Winick.

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Mayor Rahm Emanuel's record $588 million property tax hike sailed through the City Council today with only 15 aldermen voting against it. The hike is the centerpiece of Emanuel's bad news budget that imposes additional taxes and fees. We speak with a panel of aldermen about the budget and how they voted.

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"I'm not going to allow Springfield's dysfunction to become Chicago's dysfunction," Mayor Rahm Emanuel said during an extended interview before Wednesday's City Council vote on his proposed budget that includes a nearly $600 million property tax hike.

Emanuel: ‘I’m here to fix these challenges’

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Mayor Rahm Emanuel joins us for his first extended interview since proposing his so-called "last resort" budget.

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Mayor Emanuel unveils his much anticipated doomsday budget proposal. How much pushback will it get from residents and aldermen? We ask four of them.

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Mayor Rahm Emanuel joins "Chicago Tonight" on Thursday to discuss his proposed $7.8 billion budget for the upcoming fiscal year. We’ll ask him about the tax and fee hikes he’s pitching. What questions do you have for the mayor?

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Mayor Rahm Emanuel on 'Chicago Tonight'

If you have any ideas about how Chicago can come up with more than $750 million to help balance its budget—then the city wants to hear them. Mayor Rahm Emanuel's office today announced three town hall meetings as he prepares to unveil his 2016 budget to the City Council on Sept. 22.