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.
Watch CBS News
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 Chicago office of the Council on American-Islamic Relations says the number of reported anti-Muslim and anti-Arab discrimination complaints is on the rise.
A Kane County, Illinois, man stood charged Thursday with gathering real pictures of children and using artificial intelligence to make them into pornography.
Nine days after the storm that was to blame for it all, tens of thousands of people yet again woke up without power in Northwest Indiana on Thursday.
Protesters are planned outside City Hall on Thursday morning over a proposal for a once-popular Southwest Side shopping destination.
A Chicago-based DJ from Colombia and his partner were released from ICE custody on bond after being arrested at Midway Airport on August 2.
There was a big turnout in Springfield on Wednesday to celebrate retiring U.S. Sen. Dick Durbin (D-Illinois).
The University of Illinois at Urbana-Champaign confirmed on Tuesday that it recieved a letter from the Department of Defense, which has announced "research security audits" at 30 universities nationwide.
The Justice Department is planning to deploy a record 1,000 federal monitors to polling places throughout the U.S. for the midterm elections.
Former Cook County Commissioner Richard Boykin announced Tuesday that he is filing a complaint against Treasurer Maria Pappas over some profanity-related texts.
Former Cook County Commissioner Richard Boykin is demanding an apology from Treasurer Maria Pappas for some profanity-laden text messages he says are offensive.
A new Illinois law signed by Gov. Pritzker offers up to $1,000 to eligible homeowners hit by storm damage, but the money won't be available until next year — and the program only covers certain areas of Chicago.
Illinois is one of 46 states that have reached a $15.5 million settlement with a Pennsylvania-based mortgage servicer for improperly imposing new insurance policies on homeowners who already had insurance.
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.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Researchers from the University of Chicago have uncovered some information on how space travel affects — or actually doesn't affect — the heart.
As people age, it becomes crucial to do whatever possible to protect from issues like memory loss. But leading neurologist Dr. David Perlmutter said the process actually starts well before advanced age.
The Illinois Department of Public Health is not adopting new federal child vaccine guidelines and will continue following recommendations by the American Academy of Pediatrics.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
Protesters are planned outside City Hall on Thursday morning over a proposal for a once-popular Southwest Side shopping destination.
A new Barnes & Noble bookstore opened in the heart of downtown Chicago on Wednesday, while separately, a building that used to house an old Barnes & Noble store in the Gold Coast was being demolished.
The Original Rainbow Cone celebrated its 100th anniversary on Sunday with a special event at its Beverly location.
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.
Madonna leads all artists with 11 nominations at this year's MTV VMAs, and a full sweep would tie her with Beyoncé and Taylor Swift for the most VMA wins in history.
Hayden Panettiere, who starred in "Remember the Titans" as a child actor and rose to fame in the series "Heroes," has died at the age of 36. The coroner's office says she was found in cardiac arrest.
Buddy Guy was honored with the Chicago Music Legend Award at the Obama Presidential Center's Chicago Culture Ball this weekend.
Bal Khabra is the author of the four-part series "Off the Ice," a college hockey romance collection that is wrapping up at just the right time.
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.
The Chicago office of the Council on American-Islamic Relations says the number of reported anti-Muslim and anti-Arab discrimination complaints is on the rise. CAIR-Chicago executive director Ahmed Rehab joins Audrina Sinclair.
The helicopter pilot was taking six tourists on a safari flight when it went down.
A Chicago-based DJ from Colombia and his partner have been released from the custody of U.S. Immigration and Customs Enforcement on bond after being arrested at Midway Airport on Aug. 2.
As of Thursday morning, a total of 63,500 NIPSCO customers were without power in the Northwest Indiana region. Asal Rezaei reports.
Nine days after the storm that was to blame for it all, tens of thousands of people yet again woke up without power in Northwest Indiana on Thursday. Asal Rezaei reports.
Nine days after the storm that was to blame for it all, tens of thousands of people yet again woke up without power in Northwest Indiana on Thursday.
Protesters are planned outside City Hall on Thursday morning over a proposal for a once-popular Southwest Side shopping destination.
The Illinois State Toll Highway Authority Board on Wednesday unanimously approved a major increase in tolls starting next year to help fund future maintenance and repairs.
A Chicago-based DJ from Colombia and his partner were released from ICE custody on bond after being arrested at Midway Airport on August 2.
The Chicago office of the Council on American-Islamic Relations says the number of reported anti-Muslim and anti-Arab discrimination complaints is on the rise.
Residents of Ogleby Towers on Wednesday morning spoke out about the system that constantly changes their rent, which they say makes it hard to budget.
CEO of the Illinois Quantum and Microelectronics Park, Harley Johnson, gave CBS News Chicago an exclusive look inside the new park in South Chicago.
The Illinois Department of Financial and Professional Regulation last inspected South Chicago Chapel funeral home in October, 10 months before 56 decomposing bodies were found there.
The discovery of dozens of decomposing bodies at a Chicago funeral home run by a couple with a history of mishandling human remains has raised questions about how Illinois regulates the funeral home and crematory industries.
An arrest at a Lululemon athletic wear store in the Gold Coast neighborhood in Chicago led investigators to a crew that was exploiting unhoused people and responsible for thefts totaling $100,000.
José Urquidy pitched six innings of crisp, two-hit relief, rookie Braden Montgomery drove in two runs and the Chicago White Sox topped the crosstown Cubs 3-0 on Wednesday to salvage the finale of a three-game series at Wrigley Field.
Crow-Armstrong is the first player in MLB history with two leadoff home runs and a walk-off in a two-game span, and the 13th since 1900 to follow a walk-off homer with a leadoff shot.
NASCAR is calling off plans to bring its street race back to downtown Chicago in 2027, but is holding out hope for the event to return in the future.
A fight broke out in the stands at Wrigley Field during a Crosstown Classic game on Monday evening.
The Cubs snapped a two-game skid and ended the White Sox's three-game winning streak.
A Kane County, Illinois, man stood charged Thursday with gathering real pictures of children and using artificial intelligence to make them into pornography.
A man and woman were shot and killed in the middle of the day Wednesday on Chicago's West Side.
Federal officers found a moving pillowcase in a car that was seized at the U.S.-Mexico border. A collection of stolen exotic reptiles was inside.
A man was stabbed at the Chicago Transit Authority Green Line stop late Tuesday night.
Chicago police early Wednesday were looking for the person who stabbed a man and a woman in the Little Village neighborhood the night before, leaving the woman dead.
