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After the big property tax hit, another new tax may be on the way for weary Chicagoans. Find out how much it might cost and why the mayor says it's necessary.

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The two top editors from the Chicago Tribune and Sun-Times share their thoughts on the Republican National Convention. A modest tax rebate is coming to Chicago property owners. And the Cubs get back to their winning ways. Join Eddie Arruza and guests for these stories and more.

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The former Illinois governor is back in the spotlight and campaigning, but not for a political office – or so he says.

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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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(Raul Lieberwirth / Flickr)

In a surprising setback, City Council aldermen came out against the mayor’s proposed ordinance for a $6 million tax on tobacco products. Why did City Council go against him?

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Tucked into a new ordinance that would tax smokeless and other non-cigarette tobacco products is a provision that would set a minimum price on cigarettes, cigars and chew tobacco.

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The City Council’s Finance committee voted today to approve a record $543 million property tax increase over the next four years. But was the vote closer than expected? And will aldermen go along with garbage fee hikes and a possible new Uber fee? Paris Schutz has the story.

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Toni Preckwinkle

Watching FX’s "American Horror Story" and hitting the golf course could become more expensive under a budget proposal unveiled by Cook County Board President Toni Preckwinkle last week. She joins us to discuss her proposal and how it will help plug a projected $198.9 million budget hole. 

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Eddie Arruza and his panel of guests discuss the mayor’s budget proposal and other top stories of the week. 

Mayor: ‘We have to right our financial ship’

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Mayor Rahm Emanuel on Tuesday unveiled his proposed 2016 budget. Included is a $543 million property tax increase that would be phased in, beginning with a $318 million hike this year. Fees on garbage collection and ride-sharing services – including taxis – and a new tax on e-cigarettes aim to plug the city's budget hole.

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On this edition of Chicago Tonight: The Week in Review with Joel Weisman, our panel of guests discuss the mayor’s proposed property tax hike, the Independent Police Review Authority’s recommendation to fire an officer, and more on local business news, crime, and sports.

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Mayor Rahm Emanuel will soon unveil his 2016 budget, which is reported to include a $500 million property tax increase. A panel of aldermen reacts to the proposal – which the mayor says isn't enough to cover Chicago's budget woes – and discusses other ideas for possible city revenue streams.

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A plan to exempt low- and middle-income homeowners from the coming city-wide property tax hike runs into some resistance. Just who would benefit and who might bear more of the tax burden under the plan? Paris Schutz has the story.

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Since news leaked last week that Mayor Rahm Emanuel is considering a record high property tax increase of $500 million, the mayor says he’s confident the City Council will stand with him and his plan to overcome the city’s massive financial hurdles. Tonight we’ll ask aldermen to sound off on the property tax increase and other tax proposals.

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Mayor Rahm Emanuel is reportedly considering a $500 million property tax hike—one of the largest in the city’s history—to help pay police and fire pensions and construction projects for Chicago Public Schools. The tax increase is expected to be included in the mayor’s 2016 budget. We examine what’s reportedly in Emanuel’s budget and what it means for city residents.

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A proposed penny-per-ounce tax on sugary beverages is meant primarily as a way to address skyrocketing obesity and diabetes rates. But some of that revenue could go toward funding the city’s big cash crunch.