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.
As the first beers poured at Ravenswood on Tap, showers poured at the Colombian Fest in Humboldt Park.
Michael Busch, Kyle Tucker, Matt Shaw, and Ian Happ also connected for the Cubs, who moved a season-best 20 games over .500 and have the best record in the majors at 59-39.
Mike Tauchman had a go-ahead three-run double in a six-run sixth inning, Lenyn Sosa had three hits and three RBIs and the Chicago White Sox beat the Pittsburgh Pirates 10-4 on Saturday night.
Dash cam video captured the moment a driver fled from police, leading them on a chase exceeding 100 mph from Pleasant Prairie, Wisconsin, into Illinois.
A spokesperson for JB Pritzker did not share a timeline on when he will sign the bill into law.
President Trump signed the country's first major legislation aimed at regulating cryptocurrency on Friday, hailing "the exciting new frontier" for the technology.
Wisconsin election officials have found that the former Madison city clerk broke five election laws during the 2020 presidential election.
President Trump has been diagnosed with a minor vein condition known as chronic venous insufficiency after he noticed swelling in his legs.
A Chicago protest dubbed the "Make Good Trouble Rally" on July 17 in honor of late U.S. Rep. John Lewis was held in Daley Plaza Thursday evening.
Maurene Comey is the daughter of former FBI director James Comey, who was terminated by President Trump in 2017.
The listing came with flashy social media videos to market the place that property owner Frank Diaz wasn't even selling.
The federal tax credits, which are meant to get drivers behind the wheel of electric cars, end Sept. 30.
ComEd is launching a $10 million customer relief fund for lower-income customers having trouble paying for electricity as prices rise.
The Antioch, Illinois, family said they wanted to share their story so others don't make the same mistake.
The rideshare customer made it very clear that her frustration is not over the amount of money that was charged, but rather that she was charged at all without her permission.
It is becoming apparent that the increase in ticks and tick bites is correlating to emergency room visits in Chicago and the rest of the Midwest.
Many Southeast, Southern and West Coast states are likely seeing an increase in COVID cases.
Parkinson's disease is a neurogenerative disease that affects more than 1 million people in the U.S. While some cases are caused by genetics, the cause is unknown in most.
The Wisconsin Supreme Court's liberal majority struck down the state's 176-year-old abortion ban on Wednesday, ruling 4-3 that it was superseded by a newer state law that criminalizes abortions only after a fetus can survive outside the womb.
The Illinois Department of Public Health regularly tests the water to determine when beaches are safe to reopen.
Some of the fans who received the email have long histories with the team, and there are a lot of concerns.
The Board of Trade Museum is open from 10 a.m. to 4 p.m. Monday through Friday, and is closed on weekends and federal holidays.
Right now, it is not exactly clear how the tax will be passed onto the consumer. But vaping products and popular Zyn pouches will now be subject to a 45% tax — up from 15%.
The Wisconsin Supreme Court has delivered a victory for environmentalists in the battle over the regulation of "forever chemicals" known as PFAS.
On Tuesday, July 1, the city's minimum wage will go up, along with wages for tipped workers, as part of Chicago's One Fair Wage Ordinance.
The Giallo Geltao event at the Logan Theatre in Logan Square is bringing four nights of Italian horror films paired with cold, sweet treats.
CBS will end "The Late Show with Stephen Colbert" and retire "The Late Show" franchise in May 2026, the company announced Thursday.
Connie Francis was a wholesome pop star of the 1950s and '60s whose personal life was filled with heartbreak and tragedy.
After years of working on and performing their song, "Pursuit," Chicago band Pixel Grip woke up to a surprise when they heard a sample of their song in a Travis Scott track.
"Severance," "The White Lotus," "The Studio" and "Hacks" are among the shows that earned top nominations for the 77th annual Primetime Emmy Awards as the 2025 nominees were announced Tuesday morning.
In a post on Truth Social, President Trump took aim at Rupert Murdoch and the Wall Street Journal, writing, "We have just filed a powerhouse lawsuit against everyone involved in publishing the false, malicious, defamatory, fake news article."
Along with the usual waves on the lake, there were waves from the shore on Saturday morning.
During her hit song "Roaring,” Perry was floating above the crowd on a mechanical butterfly when it suddenly dropped a few feet.
The bill addresses the squatter problem in Illinois, making it easier for police to remove squatters from someone's home, bypassing the months-long eviction process.
Pleasant Prairie officers and assisting agencies made multiple attempts to deflate the tires. After two unsuccessful attempts, a final deployment ended the pursuit safely.
The woman was taken to the hospital after she allegedly drowned a 1-year-old boy in Lake Michigan Friday night.
A spokesperson for JB Pritzker did not share a timeline on when he will sign the bill into law.
As the first beers poured at Ravenswood on Tap, showers poured at the Colombian Fest in Humboldt Park.
Tech company Astronomer said its board launched an investigation after CEO Andy Byron was seen embracing a coworker at a Coldplay concert.
Dash cam video captured the moment a driver fled from police, leading them on a chase exceeding 100 mph from Pleasant Prairie, Wisconsin, into Illinois.
In 2017, Chicago police officers pointed guns in the face of Peter Mendez, then 9 years old, after raiding the wrong home. On Friday, Peter, now 17, spoke out for the first time about his family's $2.5 million settlement with the city.
The 1995 Chicago heat wave, which took place 30 years ago this week, remains the Chicago area's deadliest weather disaster.
The children left behind and the hidden toll of domestic violence in Chicago.
Three Chicago pharmacies were hit by burglars overnight. Police have not yet connected the three burglaries, but small business owners said this crew has hit them more than once and cost them thousands in damage.
Chicago Public Schools interim CEO Macquline King sat down with us to discuss the district's precarious financial situation and how she plans to reassure parents after a tumultuous year.
Michael Busch, Kyle Tucker, Matt Shaw, and Ian Happ also connected for the Cubs, who moved a season-best 20 games over .500 and have the best record in the majors at 59-39.
Mike Tauchman had a go-ahead three-run double in a six-run sixth inning, Lenyn Sosa had three hits and three RBIs and the Chicago White Sox beat the Pittsburgh Pirates 10-4 on Saturday night.
The Chicago White Sox breezed past the reeling Pittsburgh Pirates 10-1 on Friday night.
DJ Moore and his Moore2Life Foundation teamed up with the Boys and Girls Clubs of Chicago at Bartlett J. McCartin Club in Bridgeport to hand out backpacks filled with school supplies donated by Cradles to Crayons to 120 kids.
Seiya Suzuki hit a three-run homer, and the Chicago Cubs stopped Boston's 10-game win streak with a 4-1 victory over the Red Sox.
A man who was attacked in River North while visiting his kids last week is warning others after learning about another similar attack in the neighborhood a short time later.
Prosecutors said Steve Farzam has allegedly impersonated first responders since 1999 and entered the Palisades Fire zone by using forged firefighter credentials.
Wisconsin election officials have found that the former Madison city clerk broke five election laws during the 2020 presidential election.
A Wisconsin judge has approved releasing a woman from a mental hospital, more than a decade after she nearly killed a classmate to please the fictional horror character Slender Man.
The LaSalle County Sheriff's office said Ronald W. Martin Jr., 45, was taken into custody.
