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.
