Expert: Possible Thompson Center Sale Is Small, Positive Sign
The move by Illinois House Speaker Michael Madigan to advance the possible sale of the Thompson Center is a positive sign, according to the head of the Civic Federation.
Watch CBS News
The move by Illinois House Speaker Michael Madigan to advance the possible sale of the Thompson Center is a positive sign, according to the head of the Civic Federation.
A leading government financial watchdog has said Mayor Rahm Emanuel gave the City Council a "good news budget," but said there are still some open questions about the 2017 spending plan.
A budget watchdog group has criticized Gov. Bruce Rauner's spending plan for this year as being underfunded and unrealistic.
After eight months of operating without a budget, tomorrow Governor Rauner outlines his state spending plan for next year.
A research group has offered a laundry list of suggestions to help pull Illinois government out of its financial mess.
A respected financial watchdog group has thrown its support behind Mayor Rahm Emanuel's budget plan, but it comes with a warning.
A top Chicago city official agrees with budget experts that a possible property tax hike alone will not end the city's financial crisis, reports WBBM Political Editor Craig Dellimore.
Mayor Rahm Emanuel will seek a massive property tax hike later this month, as he seeks to shore up police and firefighter pension funds, and close a $750 million budget hole.
A respected budget watchdog group has come out with a sharply critical analysis of Gov. Bruce Rauner's fiscal plan for Illinois.
With the city's bond rating just a couple levels above junk status, Mayor Emanuel told the Civic Federation he is ending or phasing out some of the city's more questionable borrowing practices.
The Chicago School Board passed a budget with a one-time bump, which gets it by this year but not next according to the fiscal watchdog the Civic Federation.
More than three weeks ahead of the governor's budget address, a government watchdog group has issued its own plan for bringing state finances back to good health.
The Daley administration took out nearly $30 million in loans to run the park, from the year after it opened, until the former mayor left office.
The head of a budget watchdog group said a major of the Chicago's credit rating on Thursday was no surprise, but is very troubling for residents.
The long list of people the state owes money to could nearly triple in five years, if lawmakers don't get costs under control, according to a local budget watchdog group.
Chicago Public School officials have unveiled their budget plan for next school year, seeking to fill a $665 million deficit with a property tax hike, personnel cuts and some one-time revenue.
A report being released Monday contains troubling news about the Chicago pension plans covering various municipal employees.
A new voice and a new website were added Monday to the effort to avert what appears to be the potential collapse of Illinois public employee pension funds. CBS 2 Chief Correspondent Jay Levine reports.
The Civic Federation is proposing a legal standard for nonprofit hospitals to qualify for property tax exemptions.
A spokeswoman says Gov. Pat Quinn wants to address the problem of skyrocketing Medicaid costs in Illinois, but state legislators are not cooperating.
Ahead of Gov. Pat Quinn's state of the state address this Wednesday and his budget address next month, a tax watchdog group is sounding the alarm about Illinois' looming financial disaster.
Cook County Board President Toni Preckwinkle's proposed 2012 budget is getting high marks from a noted government watchdog.
It's a cruel reality. Property taxes are up all over Chicagoland, according to a new report. In the city and suburb after suburb, property values are dropping, but tax levies for schools and services are going up.
Cook County is going to see more layoffs and red ink, but a Chicago budget watchdog says the situation seems to be improving.
How many city workers does it take to change a light bulb? Sounds like a joke right? But it's not funny when it's our tax dollars being wasted.
Crews are working to clear a CSX freight train derailment in suburban Harvey, Illinois, early Friday morning.
ideo posted to social media shows damage left behind after a tornado touched down in Southern Illinois.
Community leaders in Little Village are demanding the FBI open an independent investigation after a man was shot and killed by ICE agents in Franklin Park in September.
After a violent armed robbery in the Fulton Market District last week, residents demanded answers from Chicago police at a safety meeting on Thursday night.
A woman was punched in the head by a man in the Loop in broad daylight earlier this week, a disturbing return of a trend of similar incidents that rocked the city last year.
The longest-serving Assembly speaker in Wisconsin history, who acted as a block on the battleground state's Democratic governor and also drew the ire of President Donald Trump, isn't running again.
Wisconsin Republicans who long blocked a bipartisan measure to expand postpartum Medicaid coverage plan to pass the measure following pressure from Democrats.
Dozens of municipalities across the Chicago area have referenda and propositions on the ballot in the 2026 Illinois primary, giving voters the opportunity to weigh in on local priorities.
A commission that advises the federal government on architecture and the arts voted to approve President Trump's overhaul of the White House East Wing.
The Chicago Bears have taken a big step forward in finding a new site for their stadium, and that momentum is moving fast toward Northwest Indiana.
This is after Mayor Brandon Johnson vetoed an ordinance that would have banned most hemp-derived products this weekend.
This week marks Identity Theft Awareness Week, and Illinois Comptroller Susana Mendoza emphasized some safety tips Monday for avoiding and dealing with identity theft.
A controversial data center in Naperville, Illinois, could be the cause to pack a city council meeting there on Tuesday night.
Police in the west Chicago suburb of Geneva are warning of a scam involving spoofed phone numbers.
Protesters on Tuesday were cranking up the heat on Peoples Gas over a recently proposed rate hike that would add an additional $10 to $11 a month to utility bills.
Ann & Robert H. Lurie Children's Hospital announced this week that it is planning to open a new pediatric hospital in the west Chicago suburb of Downers Grove.
It has been nearly six years since the start of the COVID-19 pandemic, and one of the many questions doctors are still working to answer concerns the long-term effects.
Leaders from Cook County, the Illinois Department of Human Services, and the Greater Chicago Food Depository denounced changes to the Supplemental Nutrition Assistance Program on Wednesday.
The University of Chicago Medicine Comprehensive Cancer Center has received a grant from The Ralph Lauren Corporate Foundation for a new cancer center.
Chicago's Lurie Children's Hospital said Tuesday that it is no longer initiating gender-affirming medical treatment for minors.
Lizard's Liquid Lounge announced recently that it will be closing for good in April after 18 years on Chicago's Northwest Side.
BP refinery workers in Northwest Indiana hit the picket line this past weekend as they escalate their fight for a contract.
Funkytown has now received a $3.7 million grant from the City of Chicago. The money will be used to create a new brewery and tap room on the Near West Side.
With his name now hanging in the rafters, former Chicago Bulls guard Derrick Rose is helping the United Center with its major redevelopment.
A potential bidding war is taking shape for the Daily Herald, the newspaper of record for suburban Chicago.
Garth Brooks, Ed Sheeran, Post Malone and Jelly Roll are among the artists headlining in the 2026 SummerFest in Milwaukee this summer.
Anderson Cooper will report multiple stories for "60 Minutes" before the end of the television season in May.
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.
Robert Duvall was in such classics as "The Godfather," "To Kill a Mockingbird," "M*A*S*H," "The Great Santini" and "Tender Mercies."
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
Illinois gubernatorial candidate Rick Heidner joined Dana Kozlov on CBS News Chicago.
Residents in Crawford County are cleaning up after the National Weather Service confirmed a tornado during a severe weather event.
Community leaders in Little Village are demanding the FBI open an independent investigation, and a man was shot and killed by ICE agents in Franklin Park back in September.
Meteorologist Laura Bannon has the extended forecast.
Chief meteorologist Albert Ramon has the latest First Alert Weather forecast.
Crews are working to clear a CSX freight train derailment in suburban Harvey, Illinois, early Friday morning.
Community leaders in Little Village are demanding the FBI open an independent investigation, and a man was shot and killed by ICE agents in Franklin Park back in September.
Despite a pause in talks on an Arlington Heights stadium, Illinois lawmakers are still optimistic they can pass legislation the Bears have sought.
ideo posted to social media shows damage left behind after a tornado touched down in Southern Illinois.
A woman was punched in the head by a man in the Loop in broad daylight earlier this week, a disturbing return of a trend of similar incidents that rocked the city last year.
The city of Chicago is about to write some big checks to thousands of vehicle owners who had their cars, vans, or trucks towed by the city without the proper warning.
Gary residents hoped the new partnership between U.S. Steel and Japanese company Nippon Steel would mean changes to how much coal is being used and how much emissions are being released, but that's not what's in the works.
Chef Art Smith said the carjacking and fatal shooting of his employee, Darwin Tirado, 22, was devastating not only to his family but also to the larger community.
A state lawmaker is joining the growing call for accountability from the Illinois Department of Children and Family Services about past abuse allegations before an 8-year-old boy's murder.
Chicago's rodent problem is well known, but a new pilot program testing rat birth control to curb the population in problem areas is underway to help rein it in.
The Chicago Bears have taken a big step forward in finding a new site for their stadium, and that momentum is moving fast toward Northwest Indiana.
As far as his own game is heading into the upcoming season, Hayes said he feels strong and healthy.
With all of his success so far, the 35-year-old lefty said he's excited for what's to come in year two for both himself and the team.
Northern Iowa football player Parker Sutherland has died two days after collapsing during an offseason workout.
Clark's decision took place during an investigation by the U.S. Attorney in Brooklyn, New York, into OneTeam Partners, a licensing company founded by the union, the NFL Players Association and RedBird Capital Partners in 2019.
A Yorkville man has been sentenced to 12 years in prison after he was convicted of repeatedly sexually assaulting a girl for nearly four years in Chicago's far southwest suburbs.
An armed home invasion suspect is in custody after an hourslong standoff with police in northwest suburban Arlington Heights, Illinois.
It took more than three years, but charges have been filed in the deaths of two young women in Hobart, Indiana, back in 2022.
A man was left in critical condition early Thursday after a crash in Chicago's Pilsen area.
A CBS News analysis found 126 cases that were brought by federal prosecutors last year arising out of threats to public officials.
