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.
What does it take to bowl a perfect game? Tenacity, skill, and experience. Nine-year-old Landen Henderson, of Maywood, has all three.
With many communities in Chicago's south suburbs still facing a long road to recovery after last week's tornadoes, some students turned out in force to help storm victims in Hazel Crest.
Angel Martínez hit a grand slam and drove in a career-high six runs and the Cleveland Guardians beat the AL Central-leading Chicago White Sox 8-2 on Friday night to end a three-game losing streak.
Kevin Gausman provided exactly what the Cubs hoped for when they acquired him from the Blue Jays last weekend, pitching seven sharp innings in his Chicago debut in a 6-4 victory over the Kansas City Royals on Friday night.
A Yorkville man has been sentenced to 70 years in prison for the 2003 murder of an Aurora woman who was missing for 17 years before her body was found.
The White House has informed Lisa Cook, a member of the Federal Reserve Board of Governors, that President Trump is considering firing her.
A federal appeals court said the White House lacks the authority to unilaterally construct the 90,000-square-foot ballroom. President Trump said the administration will appeal to the Supreme Court.
The Pentagon on Friday released a new batch of documents and images related to UFOs, the fifth disclosure in recent months about the strange encounters.
As Chicago's civilian police oversight body begins the process of searching for a new police superintendent, it has scheduled a series of meetings to gather public input.
Federal officials who want immigration agents to detain and deport Cook County Jail inmates have threatened Sheriff Tom Dart with prosecution if he doesn't give them access.
The Trump administration is taking aim at power grid operator PJM Interconnection over rising electricity bills that affect Illinois and Indiana residents.
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.
With the cyclosporiasis linked to iceberg lettuce growing and consumers wary of the products on grocery shelves, many in Chicago are turning to local farmers market for fresh and safe greens.
East Chicago, Indiana is being placed on a precautionary boil water advisory starting Monday morning for planned installations that could affect water safety.
A new Northwestern Medicine study on long COVID shows women show more neurological symptoms than men.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Chicago just barely made the top 20 in the American College of Sports Medicine's 2026 ranking of the country's fittest cities.
The Shops at North Bridge on the Magnificent Mile announced plans Thursday for a multimillion-dollar renovation project.
While the building that housed the flagship Ann Sather restaurant on Belmont Avenue has been torn down, the renowned Chicago restaurant chain is now set to open a new Lakeview location.
Nationally, data centers used 17.4 billion gallons of water in 2023 — a figure projected to reach 72.6 billion gallons by 2028, raising concerns about states' water supplies.
Chicago's Wishbone Restaurant will soon be closing after 36 years in business.
The Old Town Pour House isn't in its namesake neighborhood anymore, but it's returning to the central area of Chicago — specifically in the Loop.
Crews need about a week and a half to tear down the festival site before the city can begin its own inspection — and past cleanup costs have topped $1 million.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
If weather forces an evacuation, shelter sites are located at Grant Park North, Grant Park South, and Millennium Lakeside Garages, accessible through the vehicle entrance on Michigan Avenue.
Grant Park was filled with tens of thousands of people Thursday for the start of Lollapalooza, as warm weather greeted festivalgoers on day one of the four-day music festival.
Academy Award-winning Irish singer-songwriter Glen Hansard has died in a motorcycle crash.
The owners of a Far South Side funeral home where dozens of decomposing bodies were found earlier this week have run into trouble with state regulators before over their handling of bodies at a crematory in the south suburbs.
Chief meteorologist Albert Ramon has the latest First Alert Weather forecast.
What does it take to bowl a perfect game? Tenacity, skill, and experience. Nine-year-old Landen Henderson, of Maywood, has all three.
With many communities in Chicago's south suburbs still facing a long road to recovery after last week's tornadoes, some students turned out in force to help storm victims in Hazel Crest.
The discovery of more than 50 bodies in various states of decomposition inside a Far South Side, Chicago funeral home has left family members who used their services shocked, distraught and looking for their loved ones.
The owners of a Far South Side funeral home where dozens of decomposing bodies were found earlier this week have run into trouble with state regulators before over their handling of bodies at a crematory in the south suburbs.
Families who used South Chicago Chapel are shocked, distraught and trying to find out if their loved ones remains are among the more than 50 bodies found decomposing in the Far South Side facility Thursday.
A couple visiting Chicago from England for their babymoon paid hundreds of dollars in extra surprise hotel fees after booking through an online travel agency with an inaccurate listing.
A school district in Northwest Indiana said it will eliminate all school bus transportation and cut sports and clubs for grades K-8 to address a deficit caused by decreased funding from major property tax cuts.
What does it take to bowl a perfect game? Tenacity, skill, and experience. Nine-year-old Landen Henderson, of Maywood, has all three.
Neighbors of a South Side animal feed plant have complained about the noxious smell and air quality for years. Now the city of Chicago and state of Illinois are suing Pullman Innovations to clean up the air, as well as for alleged illegal work and permit violations.
The owners of a Far South Side funeral home where dozens of decomposing bodies were found earlier this week have run into trouble with state regulators before over their handling of bodies at a crematory in the south suburbs.
University of Illinois researchers have found a correlation between more green spaces and less violence in neighborhoods. A group in Chicago is planting trees with the mission to bring beauty and safety to the whole city.
Security video captured the moment a utility pole fell in a parking lot behind a La Grange Park, Illinois, animal hospital, igniting a fire that destroyed multiple cars.
An Illinois Tollway glitch that left thousands of drivers with unexpected warnings about unpaid tolls stemmed from an extra digit in codes within the system's computers, according to records obtained through a Freedom of Information Act request.
Angel Martínez hit a grand slam and drove in a career-high six runs and the Cleveland Guardians beat the AL Central-leading Chicago White Sox 8-2 on Friday night to end a three-game losing streak.
Kevin Gausman provided exactly what the Cubs hoped for when they acquired him from the Blue Jays last weekend, pitching seven sharp innings in his Chicago debut in a 6-4 victory over the Kansas City Royals on Friday night.
The Chicago Bears added significant experience to their secondary by signing safety Xavier Woods.
The charge was dropped after Harden completed an alternative resolution program.
The Boston Red Sox rallied to beat the Chicago White Sox 12-11 Thursday night in a game that lasted more than four hours.
A teenager described as "troubled" and "bullied" by a classmate killed his grandparents before gunning down five staff members at a high school in Thailand, police said.
A man has been charged with breaking into a home in west suburban Darien before leading police on a high-speed chase to his own home in southwest suburban Homer Glen.
Police in the southwest Chicago suburb of Lockport were investigating a crash-and-grab burglary at a pizzeria early Thursday.
Chicago police on Thursday were investigating a break-in at a bar in the Garfield Ridge neighborhood.
A candy store in Chicago's West Ridge community was burglarized early Thursday morning.
