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.
The Lucky Strike bowling alley and bar in Wrigleyville is now closed permanently.
The Chicago Law Department said it has collected $440,000 from bus companies that brought thousands of migrants from the southern border to Chicago.
The Chicago Police Department 12th District is warning residents after an increase in airbag thefts.
Owners of electric bikes, scooters and other modes of transportation could soon be subject to new regulations under a bill moving forward in the Statehouse.
An Immigration and Customs Enforcement agent accused of shooting a man in the leg in north Minneapolis and then lying about the attack was arrested in Texas Friday morning, according to the Hennepin County Attorney's Office.
Owners of electric bikes, scooters and other modes of transportation could soon be subject to new regulations under a bill moving forward in the Statehouse.
The Justice Department announced the $1.7 billion fund as part of a settlement of a civil lawsuit President Trump brought against the IRS.
Many artists announced for the Freedom 250 concert series in Washington, D.C., this summer, say they won't be performing.
Chicago Mayor Brandon Johnson and a delegation of leaders in business, government, faith, education, and other fields met with Pope Leo XIV in the Vatican on Thursday.
The Justice Department is conducting a criminal investigation into whether author E. Jean Carroll committed perjury in connection with her civil lawsuits against President Trump, sources familiar with the matter said.
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.
Chatham residents say they're losing a vital resource as Walgreen's prepares to close its store near 86th and Cottage Grove.
Menopause can feel like a major turning point for millions of women, with symptoms like fatigue, weight gain, and brain fog can make women feel like their bodies aren't their own.
The head of the World Health Organization says Ebola has killed at least 7 people in Congo, but the U.N. agency says it knows the epidemic "is much larger."
A person suspected of having hantavirus in Winnebago County, Illinois, turned out to be a false alarm, officials said Monday.
The DuPage County Health Department has confirmed its first positive tests for West Nile virus in pools of mosquitoes this year.
The Kane County Health Department was set Monday to offer a free mental health awareness webinar.
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.
Flight attendants at Chicago-based United Airlines have approved a new labor contract, marking their first pay increases in six years.
The Chicago Fire FC announced Wednesday morning that its new stadium in the South Loop will be named McDonald's Park.
Many artists announced for the Freedom 250 concert series in Washington, D.C., this summer, say they won't be performing.
Sonny Rollins, the legendary tenor saxophonist known for his bold tone and constant experimentation, has died at 95.
Former CBS Chicago anchorman Bill Kurtis has signed off from his role as the judge and scorekeeper on the NPR weekly news quiz show "Wait Wait… Don't Tell Me!"
Pop star Britney Spears said she was "totally fine" to drive and had not had a drink for about six hours when she was pulled over by the California Highway Patrol.
After nearly a century on the air, CBS News Radio signed off, with the final reports airing on Friday, May 22.
Get an inside look at "Always Patsy Cline" at the American Blues Theatre with Vince Gerasole.
Warm and sunny Friday, but a Beach Hazards Warning is in place for Lake Michigan through Saturday. Highs in the low 80s.
Several artists who signed up to perform at the Great American State Fair have since backed out.
Divers have rescued one of five people trapped by flash flooding a cave in Laos.
Sharod Grafton, 22, appeared in court virtually as he pled not guilty to charges including attempted murder, battery against a public safety official, and auto theft. On Friday, prosecutors added a firearm enhancement to all of those counts, which will increase Grafton's sentence if convicted.
A man who was shot and killed by FBI agents on the West Side of Chicago Thursday has been identified.
The 22-year-old from Chicago pled not guilty to charges including attempted murder, battery against a public safety official, and auto theft.
The Lucky Strike bowling alley and bar in Wrigleyville is now closed permanently.
The Chicago Police Department 12th District is warning residents after an increase in airbag thefts.
Owners of electric bikes, scooters and other modes of transportation could soon be subject to new regulations under a bill moving forward in the Statehouse.
Chicago has the largest air quality monitoring network in the country thanks to a partnership between the city, the University of Illinois Chicago, and local community groups.
An Indiana State Police trooper was shot, and a suspect was killed during a shootout with officers during a traffic stop on I-80/94 in Hammond, Indiana.
Data centers popping up all over Illinois are sucking up millions of gallons of water a day, at a pace that the state can't keep up with. But experts say tapping into wastewater resources would steer the state in a new and much safer direction.
Many Metra riders with disabilities have been forced to reroute their trips due to Monday's closure of the only elevator providing access to the Electric Line at Millennium Station in downtown Chicago.
Pothole complaints continue everywhere, but especially on one street in the Pullman neighborhood on the South Side of Chicago.
The Chicago Cubs handed Paul Skenes his third straight loss with a 7-2 victory over the Pittsburgh Pirates.
Bears head coach Ben Johnson already has very high praise for what he's seen from second-year wide receiver Luther Burden III after just the second practice of the team's OTAs.
Davis Martin allowed one run on two hits over six innings to win his sixth straight decision as the Chicago White Sox cruised to a 6-2 win over the Minnesota Twins.
Munetaka Murakami went 2 for 4 with a solo homer. His 20 home runs are tied with Gary Sánchez (New York Yankees, 2015-16) and Wally Berger (Boston Braves, 1930) for second in MLB history through 55 career games.
The Chicago Cubs ended their 10-game losing streak with a 10-4 victory over the Pittsburgh Pirates.
Ian Roberts, who pleaded guilty to using a counterfeit Social Security card to work without authorization for nearly two decades, faces a recommended 37-month prison sentence — though his attorneys are pushing for probation and deportation instead.
New DNA technology helped secure the arrest of a man accused in the brutal murder of a woman in downstate Illinois more than 30 years ago.
Thieves crashed a sport-utility vehicle into a convenience store in Chicago's Auburn Gresham neighborhood early Wednesday.
Chicago police were investigating Wednesday morning after thieves broke into a corner store in the city's Hermosa neighborhood.
A person of interest was in police custody early Wednesday morning in connection with a shooting that killed a teenage boy and critically wounded two men in Chicago's Back of the Yards neighborhood.
