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.
A three-vehicle crash involving a Chicago fire truck shut down lanes on the Eisenhower Expressway early Saturday morning.
A mass shooting left at least 12 people injured in Chicago's Washington Heights neighborhood on Friday night.
Four Black-owned construction firms joined forces with a fifth company to create a model never seen before in the industry and oversee the construction of the newly opened Obama Presidential Center.
Illinois drivers might soon have to pay more to drive on the state's tollways.
A Chicago area couple who recently moved to Mexico and has been missing for nearly a month has been found dead, family friends said.
The Altoids were a callback to a viral moment between former first lady Michelle Obama and former President George W. Bush.
A senior Justice Department official called a judge's demand for a declaration on the status of the "anti-weaponization" fund "unnecessary."
Trump has appeared during the Iran war to lose patience with Israeli Prime Minister Benjamin Netanyahu, who may now find himself "stuck."
President Trump lashed out at Meloni on Saturday after Italy cancelled its envoy's visit to the United States.
Cuban lawmakers Thursday adopted nearly 200 historic free-market reforms aimed at rescuing the communist island from a severe crisis aggravated by a U.S. oil blockade.
An Illinois law banning "swipe fees" on taxes and tips — already delayed twice by lawmakers — appears to be on life support after a federal judge that once permitted it issued a permanent injunction against it this week.
A new study from the Cook County Treasurer's office underlines growing concerns about the impact the Illinois megaprojects bill could have on the county's property tax base and overall fiscal health.
As thousands of Chicagoans wrap up road trips over the Memorial Day holiday weekend, gas prices in the city have reached the highest levels seen in four years.
Consumer and environmental advocates said Monday that they found overcharges buried in the most recent rate-hike request by Nicor.
One week away from Memorial Day weekend and the unofficial start of the summer travel season, with gas prices remaining high, negotiations were set to resume Monday at the largest oil refinery in the Midwest.
Illinois is among the top 13 states seeing a rise in alpha-gal syndrome cases, with residents living in southern Illinois at the highest risk, according to a 2025 study.
After Bruce Willis was diagnosed with dementia, his wife Emma Heming Willis found a new purpose as a health advocate.
The North Shore suburb of Wilmette this week became the latest Chicago-area municipality to discover mosquitoes carrying the West Nile virus this year.
Dr. Peter Stafford was working with a missionary group in the Congo when he came down with the virus last month.
While 330 Ebola infections are confirmed in central Africa and huge challenges remain, hundreds more suspected cases "have been cleared out," the WHO says.
Daley's Restaurant, known as Chicago's oldest, has served Chicago's Woodlawn neighborhood for more than 130 years.
Walgreens is set to close in Chicago's Chatham neighborhood on Thursday, and there's growing concern about where families will get their medications.
The owners of Gene & Georgetti steakhouse are suing a concessions operator over their expansion at Midway International Airport.
DraftKings announced Monday that it is closing its sportsbook operation at Wrigley Field after only about two years.
After more than 80 years, there will be no Ann Sather restaurant location in the 900 block of West Belmont Avenue in Chicago's Lakeview community, effective in June.
James Burrows directed more than 1,000 episodes of television, including every episode of the original "Will & Grace."
In a full circle moment, actor Gary Cole returns to the very same local stage where he began his professional acting career.
Record producer Tay Keith was found dead in his Nashville home by officers performing a welfare check, police said.
Tom Dreesen, a pioneering actor and comedian and Chicago-area native, died Wednesday.
Luke Skywalker's lightsaber from the "Star Wars" sequel "The Empire Strikes Back" is expected to sell for at least $1 million at an upcoming auction.
Meteorologist Carl Lam has the extended forecast.
A mass shooting left at least 12 people injured in Chicago's Washington Heights neighborhood on Friday night. Street Pastor Donovan Price told CBS News seeing a mass shooting like this on Juneteenth is a tragedy.
Vida is looking for a forever home. Come meet her at PAWS Chicago adoption center.
A mass shooting on Chicago's South Side left at least 12 people injured on Friday night.
Chief meteorologist Albert Ramon has the latest First Alert Weather forecast.
A mass shooting left at least 12 people injured in Chicago's Washington Heights neighborhood on Friday night.
Illinois drivers might soon have to pay more to drive on the state's tollways.
A Chicago area couple who recently moved to Mexico and has been missing for nearly a month has been found dead, family friends said.
A three-vehicle crash involving a Chicago fire truck shut down lanes on the Eisenhower Expressway early Saturday morning.
Four Black-owned construction firms joined forces with a fifth company to create a model never seen before in the industry and oversee the construction of the newly opened Obama Presidential Center.
Newly released cell phone video of a police shooting in south suburban Country Club Hills appears to contradict what a federal agent claims happened during an undercover gun trafficking sting operation last week.
"A house of horrors." That's how one former Chicago foster child described Aunt Martha's Integrated Care Center, a facility that's been at the center of a years-long CBS News Chicago investigation.
Kindbody entered into an agreement with a cryogenic storage facility in Massachusetts, but not all patients received the email.
A Chicago woman says a life insurance policy she paid into for 25 years was cancelled over a $112 shortfall that she never knew existed, and now, at 82 years old, she's uninsurable.
The Crisis Alternative Response Evanston, or CARE, team responds to calls that, before July 2024, would have been lumped into police calls.
Matt Vierling and Kerry Carpenter hit home runs to lift the Detroit Tigers past the Chicago White Sox 4-3.
The Chicago Hounds will try to cap off their magical season with a Major League Rugby championship Sunday.
Carson Kelly hit his second career grand slam in Chicago's seven-run first inning and finished with a career-high six RBIs as the Cubs routed the Toronto Blue Jays 16-2.
Jonathan Toews, who helped lead the Chicago Blackhawks to three Stanley Cup titles in six years, announced on Friday that he is retiring from the NHL after 16 seasons.
The Chicago White Sox ended a nine-game losing streak at Yankee Stadium with a 5-1 victory over New York on Thursday.
A shooting on the Eisenhower Expressway forced several lanes to close in Chicago's Garfield Park neighborhood early Friday morning.
A federal judge ruled ICE failed to show enough evidence to justify holding Salah Sarsour, a legal permanent resident detained for 80 days after speaking out in support of Palestinian rights.
A sport-utility vehicle rammed into a Shell gas station mini mart in what was believed to be an attempted crash-and-grab burglary in Chicago's East Pilsen neighborhood.
Luigi Mangione's lawyers will argue that he was suffering from an extreme emotional disturbance when he allegedly killed UnitedHealthcare CEO Brian Thompson.
Rex Heuermann was sentenced to life in prison without the possibility of parole for the series of murders known as the Gilgo Beach serial killings.
