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Business and Finance

Prepare for carnage, Wing Zone is coming to Chicago

Lang pitches proposal in first pension reform committee hearing

The first meeting of the General Assembly conference committee established to develop a pension reform bill lasted four-and-a-half hours on Thursday and attracted an overflow crowd to a large committee room at the Michael Bilandic building in downtown Chicago.

United auctions logo, letters from former HQ building

Jewel to drop loyalty card

Billionaire's Michigan bank entering Chicago market

Sears cutting ties with Paula Deen

RPT-T-Mobile buys wireless spectrum from U.S. Cellular for $308 mln

Qdoba to close 18 Chicago-area restaurants

With new logo, focus, Motorola touts latest phone at Techweek

Preckwinkle projects $152 million deficit in 2014 preliminary budget

Cook County Board President Toni Preckwinkle released on Thursday a preliminary budget for the county’s next fiscal year, which includes an expected $152.1 million operating deficit.

The deficit is driven by $166 million in cost increases related to employee healthcare benefits, personnel and non-personnel spending, according to a press release from Preckwinkle’s office.

This year’s rollback of the county’s 0.25 percent sales tax accounts and a recent reduction in the non-titled use tax will lead to an estimated $60 million in lost revenue.