Chicago budget gap could reach nearly $1 billion

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Chicago budget gap could reach nearly Newsletter Article billion

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Morning 10

Wednesday, August 07, 2024

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1. Johnson under pressure as budget gap could reach nearly $1 billion

The city's budget director told Crain's the 2025 budget gap will be "relatively around" a previous estimate of $986 million.

2. Climate change is slowing moves from the Snow Belt to Sun Belt

The implications for Chicago and other cold-climate cities are obvious in a study from two economists at the Federal Reserve Bank of San Francisco.

3. O'Hare finally turns a corner in post-COVID recovery

The latest traffic figures underscore the city's “great confidence” at a time when it’s about to begin construction on the first phase of a huge terminal project.

4. Law firm expands downtown workspace after hiring spree

Barnes & Thornburg unloaded part of its Wacker Drive office before the pandemic. Now it has taken it back.

5. Officials try to tackle sore spot on Illinois' health record: care for Black mothers

A new state law for maternity care coverage and an experimental model spearheaded by Endeavor and UI Health are part of an effort to improve a greater problem of "disrespectful care."

6. Oak Park apartment complex sold to California investor

San Francisco-based FPA Multifamily has been scooping up hundreds of apartment units around Chicago, often at a discount, as rents in the metro area are on the rise.

7. Rivian net loss widens to $1.46 billion despite sales gains, cost cutting

Rivian's net loss was 21 percent higher than its loss in the same period last year.

8. New Illinois law aims to give free ID cards to citizens leaving correctional facilities

The new measure expands the program to every county jail and federal prison in the state.

9. What CVS' health play has that Walgreens' doesn't: Crain's Daily Gist podcast

Crain's health care reporter Katherine Davis talks with host Amy Guth about why CVS is doubling down on primary care with new clinics while its competitors are backpedaling.