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That’s billion, with a “b” The New York Times reports on a new $7 billion plan to rebuild Chicago’s infrastructure. The Times says Mayor Rahm Emanuel will announce the plan during a speech today. He says the improvements will be paid for without raising property or sales taxes. As many as 30,000 jobs could be created.

School shortfall Partner station WBEZ reports the Chicago Public Schools district is facing a $700 million dollar deficit this year. The deficit came about because of rising pension costs. Officials say they were able to avoid painful cuts in the past few years, but this year those cuts are coming.

Church appeal Cleveland’s Bishop may appeal a Vatican decision to keep open 13 Cleveland-area churches. The bishop’s spokesman tells partner station WCPN Ideastream that attendance has fallen, and the churches create a financial burden for the diocese. The Vatican sent an order two weeks ago to reopen the churches.

Not over yet The booms are back in Clintonville, Wisc.

Charging up, or powering down? Crain’s Detroit Business looks at hiccups in the market for electric vehicles, and wonders whether Michigan’s many new battery plants will survive. Changing Gears has looked at this question before.

Re-reconsidering housing Partner station WBEZ says the city of Chicago spent 13 years revamping its public housing program. Now the new plan is being reconsidered because of tough economic times in the city.

Peoria pandering? Chicago mayor Rahm Emanuel promoted partnerships with Peoria during a visit yesterday. Emanuel says the frequent friction between his city and the rest of the state represent “the politics of the past,” according to the Peoria Journal Star.

Less college = less cost Looking for a solution to cut the cost of college? Indiana has an idea: Prohibit colleges from requiring more than 120 credit hours to get a degree. Gov. Mitch Daniels is expected to sign the restriction into law soon.

Minor detail A historic and beloved ferry based out of Ludington, Mich. may be forced to cancel its service, all because of a little arsenic, mercury and other chemicals it’s been dumping in Lake Michigan.

A Hail Mary pays off Partner station WCPN Ideastream reports that Catholics in NE Ohio appear to have won a rare victory. The Vatican has reversed its decision to close 13 churches in the area.