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.
It was originally meant to last until October 24 to help with capacity and potential delays.
The two-year project is helping neighbors in their time of need.
The old pavilion closed in September of last year for the $70 million overhaul, financed by donors.
The university released what it's called a strategy statement about the impact it's already seeing artificial intelligence make on higher education and the legal profession.
The 46th Taste of Chicago is cashless for the first time, accepting only credit cards, with a drone and fireworks show scheduled for approximately 9:15 p.m. Friday near Buckingham Fountain.
Graham Platner had until 5 p.m. on Monday to formally suspend his campaign or he would remain on the ballot in November.
In the plan under discussion, the Secret Service and the White House would be able to open and close sections of the fencing, sources said.
Eight months ago, Hegseth told top military leaders there would be "no more beardos" and "fat troops."
President Trump said Friday he won't sign the law, but a U.S. official said he isn't expected to veto it either.
The U.S. military released a new batch of files related to UFOs, including one report from a Navy pilot who said a mysterious object was "unlike anything I had seen" in 28 years of service.
Chicago remained the most bed bug-treated city in the country, according to Orkin's latest annual rankings covering a full year of residential and commercial treatment data.
Illinois Attorney General Kwame Raoul this week warned residents cleaning up from last month's storms to be on the lookout for scams.
Illinois Gov. JB Pritzker on Thursday signed several new consumer protections into law, including a ban on junk fees.
CBS News Chicago has learned that Illinois home insurance premiums are not only higher than the nation's average, but going up faster too.
As an alternative to legalizing video gambling terminals citywide, Bally's offered to open slot machine lounges at O'Hare and Midway, saying the move would replace the $6.8 million the city budgeted from VGTs.
In a major turnaround in the opioid crisis, overdose deaths are falling across Chicago and Cook County.
The north Chicago suburb of Glenview became the latest Illinois municipality this week to confirm mosquitoes testing positive for the West Nile virus this year.
Environmental and community groups are suing the U.S. Environmental Protection Agency for failing to act on a petition challenging U.S. Steel Gary Works operating permit renewal.
In the four years since Roe v. Wade was overturned and Illinois became a destination for abortion care, Illinois providers and advocates have rebuilt the state's infrastructure to support the tens of thousands of people who travel to the state for abortion services every year.
June is National Aphasia Awareness Month, raising awareness of a disorder that affects a person's ability to speak, write, and understand both spoken and written language.
Illinois American Water and Aqua Illinois are both seeking rate increases that would raise monthly bills by as much as $28, while their parent companies seek regulatory approval to merge — a deal a consumer watchdog says would give one company control of nearly all regulated water customers in the state.
The Federal Trade Commission and attorneys general from several states secured a right-to-repair settlement Wednesday with agriculture equipment giant Deere & Co. — commonly known as John Deere — that requires the company to let farmers and independent shops fix their own equipment.
Chicago Soul Café opened Monday at 6248 S. St. Lawrence Ave.
The Chicago Bears this weekend said they are assessing land at Wolf Lake Terminals in Hammond, Indiana, for a possible new stadium.
As an alternative to legalizing video gambling terminals citywide, Bally's offered to open slot machine lounges at O'Hare and Midway, saying the move would replace the $6.8 million the city budgeted from VGTs.
The 46th Taste of Chicago is cashless for the first time, accepting only credit cards, with a drone and fireworks show scheduled for approximately 9:15 p.m. Friday near Buckingham Fountain.
The Chicago Symphony Orchestra's summer home in Highland Park reopened after a $70 million gut renovation that redesigned the stage to reduce sound levels harmful to musicians.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
The nominations for the 78th annual Primetime Emmy Awards were announced Wednesday morning in Los Angeles, with the final season of HBO Max's "Hacks" setting a new record for the most nominations in a single year for a comedy series.
Nikki Glaser, Michelle Wolf, Ali Siddiq and Bert Kreischer are among the comedians coming to the city to perform from Nov. 5 to Nov. 15.
It'll be the first big-league game for the rookie slugger, since he strained his hamstring on May 29th.
In a long statement, the law school wrote that they already see artificial intelligence impacting higher education and the legal profession.
The City of Evanston gave the community group $100,000 in grant money to make it all happen.
Chief Meteorologist Albert Ramon is tracking the latest in First Alert Weather.
The trooper, Sergeant Justin Heflin, a 12-year veteran with Indiana State Police, was taken to Franciscan Health Michigan City by responding officers for emergency care before being taken to Memorial Hospital in South Bend, where his condition was stabilized after undergoing successful surgery, police said.
An Indiana State Police trooper was shot multiple times after a pursuit in Michigan City Friday morning, and the suspect was later found dead in a wooded area nearby, state police said.
It was originally meant to last until October 24 to help with capacity and potential delays.
The two-year project is helping neighbors in their time of need.
The old pavilion closed in September of last year for the $70 million overhaul, financed by donors.
The university released what it's called a strategy statement about the impact it's already seeing artificial intelligence make on higher education and the legal profession.
The university released what it's called a strategy statement about the impact it's already seeing artificial intelligence make on higher education and the legal profession.
New Cook County State's Attorney Eileen O'Neill Burke is fighting innocence claims more often than her predecessor, Kim Foxx, and hiring outside counsel to help.
On Tuesday evening, CBS News Chicago reported on wild weeds taking over a property in the South Side's Washington Heights neighborhood, and neighbors who said they spent months trying to get help.
Kevin Jackson was wrongfully convicted of murder and spent 22 years in prison before he was freed. Now he has realized his dream by starting a landscaping business. But his quest to be declared innocent continues.
The weeds keep growing, and the complaints keep piling up, but neighbors on one street in the Washington Heights community on Chicago's South Side say nothing is changing.
Conversations about how Caitlin Clark is treated on a basketball court can be polarizing as fans, players, coaches, pundits and even the U.S. Congress has an opinion about what should or shouldn't happen in regards to the WNBA All-Star.
Caleb Durbin hit a two-run homer to help the surging Boston Red Sox top the Chicago White Sox 2-1 for their sixth consecutive victory.
Jeremiah Jackson hit a two-run double in the bottom of the eighth inning to lift the Baltimore Orioles to a 3-2 victory over the Chicago Cubs on Thursday.
The WNBA will be holding some marquee All-Star events at Chicago's newly opened Obama Presidential Center later this month.
Pete Crow-Armstrong hit two of Chicago's five home runs and the Cubs outslugged the Baltimore Orioles 9-7 on Wednesday night.
The Chicago Transit Authority this week released new crime statistics indicating that violent crime is down on the transit system.
An 18-year-old man was facing charges Thursday after police said he fired a gun into a home in the south Chicago suburb of Oak Forest.
Thieves left empty-handed in an attempted crash-and-grab burglary in Chicago's Budlong Woods neighborhood early Thursday, police said.
A 16-year-old boy was charged this week in a mass shooting that left three people dead in Chicago's West Chatham community in 2024.
The men accused in a crime spree that involved an attack on a CBS News Chicago crew last week were back in court Wednesday morning.
