Civic Federation says Chicago Public Schools' finances could lead to a credit downgrade
The Civic Federation's finance report for the 2025 budget raises serious concerns about how the district will survive in the future.
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The Civic Federation's finance report for the 2025 budget raises serious concerns about how the district will survive in the future.
The Civic Federation’s finance report for the 2025 budget raises serious concerns about how the district will survive in the future. Jermont Terry reports.
The budget watchdog group said CPS' finances are in such bad shape that the State of Illinois may need to take control of the school district.
It turns out Mayor Brandon Johnson has more executive-level staff than other recent mayors.
It turns out Mayor Brandon Johnson has more executive-level staff than other recent mayors. Tara Molina reports.
The CBS 2 Investigators analyzed more than 1 million rows of city budget office data. The data showed the five key city departments that relied on overtime the most.
In one department, just two employees took home a combined total of nearly $500,000 in overtime, city budget office data show. CBS 2's Suzanne Le Mignot rpeorts.
Mayor Brandon Johnson said repeatedly that the Bears' plan for a new stadium -- which relies partially on public money -- would not come at an additional cost to taxpayers. But one expert says when it comes to the infrastructure improvements that are part of the plan, that may not be true. CBS 2's Sabrina Franza reports.
Mayor Brandon Johnson denied that the Bears’ shiny new dome could end up costing taxpayers a pretty penny, but an expert said the infrastructure around it very well might. CBS 2's Sabrina Franza reports.
The Civic Federation announced he died Saturday afternoon following complications from surgery.
The Civic Federation announced he died Saturday afternoon following complications from surgery.
CPS is maxing out their ask this tax year, despite enrollment hitting 10-year lows. CBS 2's Chris Tye reports.
As CBS 2 Political Investigator Dana Kozlov reports, this is the first time in almost 80 years the Cook County Forest Preserve District is asking voters for more money.
Mayor Lori Lightfoot on Monday laid out her $16.7 billion budget proposal in front of the City Council.
Facing an unprecedented $1.2 billion shortfall for next year, Mayor Lori Lightfoot on Wednesday proposed a $94 million property tax hike, a 3 cents per gallon increase in the city's gas tax, hundreds of layoffs, and eliminating nearly 2,000 vacant positions.
We're being bombarded by them – ads for and against the graduated income tax proposal for Illinois that will be on the ballot next month.
CBS 2 Morning Insider Lauren Victory made some interesting finds in the state's revenue report released this week.
Illinois state lawmakers were back home in their districts for the holiday Monday, after a whirlwind of a special session in Springfield. Two of the winners after votes were cast were the City of Chicago and state restaurant and bar owners.
The math is staggering – according to the U.S. Department of Labor, there were 114,663 unemployment claims in Illinois alone last week amid the coronavirus crisis.
The mayor's plan relies on the Illinois General Assembly to approve a graduated real estate transfer tax, revisions to the Chicago casino plan, and statewide pension reform.
Chicago needs 276 million for police and fire pensions. And in 2022, another 310 million for municipal pensions.
The layoffs this week of 18 firefighters and 13 police officers came after a court ordered pension payment Harvey can't afford to make.
Interest on the latest loans to pay down bills is better than paying late-penalty fees, the leader of the Civic Federation says.
Civic Federation President Laurence Msall said the state's credit rating is "a national embarrassment" as a result of the budget impasse.
The Civic Federation has issued an 86-page report on the governor's 2018 budget plan, and has said the proposal falls short.
Police in the northwest Chicago suburb of Arlington Heights urged people to stay away from a specific area due to an investigation.
Adam Beckerink, the man charged with murder in the death of his estranged wife, Caitlin Tracey, is due back in court on Thursday.
It took more than three years, but charges have been filed in the deaths of two young women in Hobart, Indiana, back in 2022.
The Chicago Bears have taken a big step forward in finding a new site for their stadium, and that momentum is moving fast toward Northwest Indiana.
A man was left in critical condition early Thursday after a crash in Chicago's Pilsen area.
The Chicago Bears have taken a big step forward in finding a new site for their stadium, and that momentum is moving fast toward Northwest Indiana.
The Trump administration has given ICE the authority to detain refugees who entered the U.S. lawfully but don't have green cards yet, part of a bid to scrutinize the legal immigration system, according to a government memo obtained by CBS News.
Lawmakers in Springfield are preparing for a pivotal hearing that could shape the future of the Chicago Bears.
The City Council on Wednesday failed to override Mayor Brandon Johnson's veto of an ordinance that would have banned the sale of most intoxicating hemp-derived products in Chicago.
Gov. JB Pritzker is renewing his push to ban students from using cell phones in Illinois schools, aiming to improve student performance and protect children's mental health.
This is after Mayor Brandon Johnson vetoed an ordinance that would have banned most hemp-derived products this weekend.
This week marks Identity Theft Awareness Week, and Illinois Comptroller Susana Mendoza emphasized some safety tips Monday for avoiding and dealing with identity theft.
A controversial data center in Naperville, Illinois, could be the cause to pack a city council meeting there on Tuesday night.
Police in the west Chicago suburb of Geneva are warning of a scam involving spoofed phone numbers.
Protesters on Tuesday were cranking up the heat on Peoples Gas over a recently proposed rate hike that would add an additional $10 to $11 a month to utility bills.
Ann & Robert H. Lurie Children's Hospital announced this week that it is planning to open a new pediatric hospital in the west Chicago suburb of Downers Grove.
It has been nearly six years since the start of the COVID-19 pandemic, and one of the many questions doctors are still working to answer concerns the long-term effects.
Leaders from Cook County, the Illinois Department of Human Services, and the Greater Chicago Food Depository denounced changes to the Supplemental Nutrition Assistance Program on Wednesday.
The University of Chicago Medicine Comprehensive Cancer Center has received a grant from The Ralph Lauren Corporate Foundation for a new cancer center.
Chicago's Lurie Children's Hospital said Tuesday that it is no longer initiating gender-affirming medical treatment for minors.
Lizard's Liquid Lounge announced recently that it will be closing for good in April after 18 years on Chicago's Northwest Side.
BP refinery workers in Northwest Indiana hit the picket line this past weekend as they escalate their fight for a contract.
Funkytown has now received a $3.7 million grant from the City of Chicago. The money will be used to create a new brewery and tap room on the Near West Side.
With his name now hanging in the rafters, former Chicago Bulls guard Derrick Rose is helping the United Center with its major redevelopment.
A potential bidding war is taking shape for the Daily Herald, the newspaper of record for suburban Chicago.
Anderson Cooper will report multiple stories for "60 Minutes" before the end of the television season in May.
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.
Robert Duvall was in such classics as "The Godfather," "To Kill a Mockingbird," "M*A*S*H," "The Great Santini" and "Tender Mercies."
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Join Darius Johnson at the Marriott Theatre in Lincolnshire, Illinois, for a preview of "Little Shop of Horrors."
The Chicago Bears have taken a big step forward in finding a new site for their stadium, and that momentum is moving fast toward Northwest Indiana. As Marissa Perlman reports from Springfield, this comes as a pivotal Illinois legislative hearing in Springfield that would impact the Bears' future was canceled.
investigators in the Nancy Guthrie disappearance are on day 19 of the case.
Calling all Mahjong players, all levels are welcome at The Gwen.
Adam Beckerink, the man charged with murder in the death of his estranged wife, Caitlin Tracey, is due back in court on Thursday.
This comes as a pivotal Illinois legislative hearing in Springfield that would impact the future of the Chicago Bears has been canceled.
A crash involving a Chicago dance team that left two dead shut down part of the Bishop Ford Freeway early Thursday morning.
Andrew Mountbatten-Windsor, King Charles III's younger brother, has been arrested over suspected misconduct in public office after revelations in the Epstein files.
The family of civil rights icon the Rev. Jesse Jackson spoke publicly on Wednesday morning, just one day after he died peacefully surrounded by loved ones.
Police in the northwest Chicago suburb of Arlington Heights urged people to stay away from a specific area due to an investigation.
The city of Chicago is about to write some big checks to thousands of vehicle owners who had their cars, vans, or trucks towed by the city without the proper warning.
Gary residents hoped the new partnership between U.S. Steel and Japanese company Nippon Steel would mean changes to how much coal is being used and how much emissions are being released, but that's not what's in the works.
Chef Art Smith said the carjacking and fatal shooting of his employee, Darwin Tirado, 22, was devastating not only to his family but also to the larger community.
A state lawmaker is joining the growing call for accountability from the Illinois Department of Children and Family Services about past abuse allegations before an 8-year-old boy's murder.
Chicago's rodent problem is well known, but a new pilot program testing rat birth control to curb the population in problem areas is underway to help rein it in.
The Chicago Bears have taken a big step forward in finding a new site for their stadium, and that momentum is moving fast toward Northwest Indiana.
As far as his own game is heading into the upcoming season, Hayes said he feels strong and healthy.
With all of his success so far, the 35-year-old lefty said he's excited for what's to come in year two for both himself and the team.
Northern Iowa football player Parker Sutherland has died two days after collapsing during an offseason workout.
Clark's decision took place during an investigation by the U.S. Attorney in Brooklyn, New York, into OneTeam Partners, a licensing company founded by the union, the NFL Players Association and RedBird Capital Partners in 2019.
Police in the northwest Chicago suburb of Arlington Heights urged people to stay away from a specific area due to an investigation.
It took more than three years, but charges have been filed in the deaths of two young women in Hobart, Indiana, back in 2022.
A man was left in critical condition early Thursday after a crash in Chicago's Pilsen area.
Dozens of drivers had their car's airbag stolen earlier this week in the Lakeview neighborhood, Chicago police said.
A Chicago man has been sentenced to 24 years in prison for a shooting inside an amusement park in west suburban Villa Park in 2021.
