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The company, which was purchased by private equity firm Variant Equity Advisors for $270 million in 2019, said bus operations will continue as it undergoes a court-supervised sale of its assets.
Prospective candidates took turns presenting their piles of papers for counting; officials had to confirm at least 1,000 signatures before they could be submitted. Candidates have until 5 p.m. next Monday to file.
New guidance and a ruling includes plans to stop “partnership basis shifting” — a process by which a business or person can enter into a series of transactions to avoid taxes.
The week-long process begins Monday, when hopefuls can start turning in to Chicago election officials the minimum 1,000 signatures needed from residents who support their candidacy in one of 10 districts. The races will shape up by the June 24 deadline.