Corruption, debt and ride-sharing on City Council agenda

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The Chicago city council is taking up several key issues Wednesday.

Aldermen are expected to pass an ordinance requiring contractors to report corruption or lose city contracts.

The proposal has been lauded by Mayor Rahm as a ‘key reform.’

Critics argue that contractors who are breaking the law are unlikely to tattle on themselves given the potential legal and financial ramifications.

The Council also will discuss nearly $2 billion in new borrowing for capital improvement projects.

The debt could cost taxpayers more, after Chicago’s bond rating was downgraded last year.

And Aldermen also are expected to approve a new regulatory ordinance,  requiring ride-sharing services to be licensed and taxed.

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