Mayor Lori Lightfoot lays out Chicago’s $838 million budget deficit and some other hard truths regarding municipal finances during a prime-time televised “State of the City” address on Thursday.

Churchill Downs, the owner of Arlington International Racecourse, turns down a casino license and threatens to end horse racing at the legendary track based on a new state gambling law.

The Chicago Board of Education unanimously passes a more than $7 billion spending plan – triggering criticism from the Chicago Teachers Union and a possible strike from the union as Chicago Public Schools classes are set to start Tuesday.

In sports, the Cubs ignite playoff hopes as they sweep the Mets in New York and the Chicago Bears prepare for a prime-time matchup with the Green Bay Packers to kick off the NFL’s 100th regular season.

Guests  

Dan Mihalopoulos, WBEZ  | @dmihalopoulos
Kimberley Egonmwan, WVON | @KEgonmwan
Kim Bellware, freelance journalist | @bellwak
Exavier Pope, Forbes contributor | @exavierpope

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