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.
Watch CBS News
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.
Sixty years after a homicide victim's remains were found in western Illinois, he has been identified as a California teenager who had been missing since 1965.
The Chicago Cubs introduced third baseman Alex Bregman at Wrigley Field on Thursday, after signing him to a $175 million, five-year contract.
"Wicked" stars Ariana Grande and Jonathan Bailey stopped by the Art Institute of Chicago recently.
United Airlines flight attendants picketed outside Chicago's Willis Tower Thursday morning as they fought for a new contract.
Four former DePaul University basketball players are among 26 players and fixers charged in an NCAA men's basketball game rigging scheme.
In 2023, life expectancy in the Loop was 87.3 years, while in West Garfield Park, life expectancy was just 66.6 years, according to the city's Health Department.
A panel for the U.S. Central District Court of California ruled Democrats can proceed in using their redrawn congressional maps for the 2026 midterm elections.
U.S. Senate Democratic Whip Dick Durbin (D-Illinois) and Metropolitan Water Reclamation District of Greater Chicago President Kari Steele met Wednesday to talk about securing federal funding owed to the district for the Thornton Composite Reservoir.
U.S. Rep. Robin Kelly (D-Illinois) on Wednesday formally introduced three articles of impeachment against Homeland Security Secretary Kristi Noem.
Chicago Mayor Brandon Johnson held a roundtable discussion Wednesday morning with leaders within the Chicago Police Department and violence prevention partners.
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.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
As this holiday season nears its end, Illinois Treasurer Alexi Giannoulias issued a warning Tuesday about text scams.
A new report shines a light on electricity shortages that Illinois could face in less than 10 years.
Roughly 1.4 million fewer Americans have signed up for an Affordable Care Act plan as expiring tax breaks drive up premiums.
January is Radon Action Month, and the Cook County Department of Public Health is urging residents to test their homes for radon.
Severe flu season is sending many people to hospital emergency rooms across the country, including in the Chicago area.
Unionized health care workers this week took aim at Northwestern Medicine, saying the health care system needs to hire more people before expanding the emergency room at Northwestern Memorial Hospital.
The Illinois Department of Public Health announced Tuesday that its recommendations for childhood vaccines will not be affected by a change in federal guidelines.
United Airlines flight attendants picketed outside Chicago's Willis Tower Thursday morning as they fought for a new contract.
WSCR-AM, 670 The Score, will begin a simulcast on 104.3 FM next month.
Does the Chicago Bears' dramatic improvement this season, culminating in their first playoff run in five years, change the discussion about where they will build a new stadium?
The Piggery, a popular barbecue restaurant and bar in the northwest corner of Chicago's Lakeview neighborhood, announced Thursday that it is going out of business.
The Lincolnwood Town Center mall in the north Chicago suburb of Lincolnwood has been sold to a developer, the village announced Wednesday.
Scott Adams, the cartoonist who created the "Dilbert" comic strip, has died at the age of 68, his first ex-wife revealed on Tuesday.
Here is everything you need to know about how to watch and stream the 2026 Golden Globes.
Bob Weir wrote or co-wrote and sang lead vocals on Grateful Dead classics including "Sugar Magnolia," "One More Saturday Night" and "Mexicali Blues."
Chicago Theatre Week brings value-priced tickets for shows from Feb. 5 until Feb. 15 at Chicago's stage venues. Tickets can sell for $30, $15, or even less.
Isiah Whitlock Jr. is perhaps best known for his role as state Sen. R. Clayton "Clay" Davis on HBO's "The Wire."
Meet Chicago Bean, who is ready for adoption at Barb's Precious Rescue.
A man is dead, and two others were injured after a shooting in Chicago's Morgan Park neighborhood.
Meteorologist David Yeomans has your 11 a.m. First Alert Weather forecast for Thursday, Jan. 15, 2026.
The sculpture has been set up at the Merchandise Mart along the Chicago River between Wells and Orleans streets.
“Wicked” stars Ariana Grande and Jonathan Bailey stopped by the Art Institute of Chicago recently.
A driver was killed in a crash involving a car and a school bus was just outside Manhattan, Illinois, southwest of Chicago on Thursday morning.
Three former DePaul University basketball players are among 26 players charged in an NCAA men's basketball game fixing scheme.
Sixty years after a homicide victim's remains were found in western Illinois, he has been identified as a California teenager who had been missing since 1965.
"Wicked" stars Ariana Grande and Jonathan Bailey stopped by the Art Institute of Chicago recently.
United Airlines flight attendants picketed outside Chicago's Willis Tower Thursday morning as they fought for a new contract.
Lead-based paint was banned for serious health reasons in 1978, but most homes built before then remain covered in it.
Fire department officials in Chicago's western suburbs said drone technology has been helping keep firefighters safe and make a major impact on public safety.
With the stores becoming a common target for thieves, some of the stores in the Chicago area are taking new steps to fight back.
As thousands of people are expected downtown for New Year's Eve celebrations, Mayor Johnson, the Chicago police, and the Office of Emergency Management and Communications are trying to get out ahead of any safety concerns.
Cameras not working, video evidence missed by police and a psychic that leads a hit and run victim's son to a clue that changes the case
The Chicago Cubs introduced third baseman Alex Bregman at Wrigley Field on Thursday, after signing him to a $175 million, five-year contract.
According to the indictment, players on 17 different NCAA Division I men's basketball teams fixed or attempted to fix 29 games.
Kylan Boswell had 13 points and six assists for Illinois, which used its superior size to outscore Northwestern 34-18 in the paint.
The Chicago Bulls overcame Brice Sensabaugh's career-high 43 points to beat the Utah Jazz 128-126 on Wednesday night.
With a tough divisional matchup with the Rams coming up on Sunday, they are ready to mute all the cheesehead chatter.
Chicago police have issued a community alert on a string of burglaries this week targeting businesses from the north lakefront to the Southwest Side.
Burglars broke into a bar in Chicago's Rogers Park neighborhood early Thursday morning.
A teen stood charged Thursday with shooting a young woman in the mouth in Chicago's South Shore neighborhood earlier this week.
A man is dead, and two others were injured after a shooting in Chicago's Morgan Park neighborhood.
Federal prosecutors announced Wednesday that they have charged a registered nurse to giving counterfeit Ozempic to patients in Chicago.
