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Mayor releases 2013 budget


John Kanaly/MEDILL

Rahm Emanuel explains key points of his budget to the City Council.

Emanuel's 2013 budget doesn't raise taxes, but faces deficit

by John Kanaly

The mayor released a new budget Wednesday that includes a nearly $300 million gap, and a looming pension crisis. It expands several services for children.

Businesses give thumbs up on mayor’s budget

by Margaret Sutherlin

Chicago’s business community owners responded optimistically about Mayor Emanuel’s proposed 2013 budget. Emanuel focused on trimming City Hall fat and streamlining bureaucracy. The mayor also announced plans to develop a small business center aimed at helping entrepreneurs launch their businesses by simplifying the licensing process and helping them find loans.