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.
All of the proceeds from Saturday's event went to supporting Altman's family.
The two robberies occurred on March 22 around 10:40 p.m., and the second on Friday around 5:30 p.m.
Blackhawks forward Frank Nazar left in the second period after he was hit in the face by a puck.
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
Chicago threatened in the first inning when Andrew Benintendi doubled with two outs before Colson Montgomery flew out to end the inning.
Transportation Secretary Sean Duffy pointed out that gamers "have many of the hard skills it takes to be a successful controller."
Starting in December, eligible men in the U.S. will be automatically registered for the military draft.
An attorney for ex-Illinois House Speaker Michael Madigan argued to the 7th Circuit Court of Appeals on Thursday that the former Democratic power broker's conviction on bribery and other corruption charges should be overturned.
Pope Leo XIV on Thursday met with David Axelrod, a longtime Democratic strategist and former senior advisor to former President Barack Obama.
Attorneys for imprisoned former Illinois House Speaker Mike Madigan were set to return to court Thursday, in hopes of getting his corruption conviction overturned.
A passenger on an American Airlines flight from New York to Chicago has been charged with making a false bomb threat that forced an emergency landing at Detroit Metro Airport last month, according to a federal criminal complaint.
Skyrocketing property taxes continue to be a hot-button issue in Cook County — particularly since last fall, when many residents saw their tax bills increase by 100% or more.
Illinois Secretary of State Alexi Giannoulias this weekend issued a warning about a surge in text messages that falsely claim to come from his office or the DMV within it.
Tenants at a South Loop luxury high-rise that has been plagued with problems like broken elevators are vowing to fight five-day eviction notices.
It's become an annual March Madness tradition at CBS Chicago, pitting our city's best eateries in direct competition in a foodie bracket challenge. We did pizza, we've done Italian beef, we've done Chicago dogs. This year, we're taking flight with wings.
The United States has long struggled with understanding and finding ways to help treat mental illness. A new documentary, which is screening Saturday in Chicago, examines the reality of living with mental illness in America.
Allergy season is here, and the dreaded pollen can trigger sneezing, congestion, wheezing, and shortness of breath.
Northwestern Medicine and the American Red Cross teamed up for a community blood drive in Chicago on Monday morning.
Ending domestic violence is the goal of groups and advocates all over the world, and some experts in Chicago say it is time to become less reactive and more proactive when it comes to the people causing harm.
A new Iowa law bans local nondiscrimination protections on the basis of gender identity after the state became the first in the U.S. to roll back its civil rights code last year.
A new restaurant has joined the busy stretch of Halsted Street toward the south end of Chicago's Lincoln Park neighborhood that is also home to Alinea and Boka.
The federal government is suing Illinois, Connecticut and Arizona over efforts to regulate prediction market operators such as Kalshi and Polymarket.
The owners of the popular Uncommon Ground restaurant, live music venue, and brewery in Chicago's Wrigleyville community announced this week that they're looking for a successor to take over the business.
Chicago consistently ranks in the top three cities in Fortune 500 company headquarters, and now a competition has been launched to build on Chicago's power in business.
The flagship Ann Sather restaurant on Belmont Avenue in Chicago's Lakeview community will be moving later this year, a restaurant representative said Tuesday.
The United States has long struggled with understanding and finding ways to help treat mental illness. A new documentary, which is screening Saturday in Chicago, examines the reality of living with mental illness in America.
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
Mozart's "Don Giovanni," the local premiere of the 2022 opera "Omar," and a fresh production of "Guys and Dolls" are among the highlights of the 2026-2027 season for Chicago's Lyric Opera.
Federal magistrate Renee Harris Toliver told Pooh Sheisty that the evidence against him is strong.
A major music festival featuring the rapper formerly known as Kanye West was canceled after the U.K. government blocked Ye from entering the country.
According to the NYPD, 44-year-old Anthony Griffin was wielding a machete while calling himself "Lucifer." He stabbed the three victims, then lunged at officers who opened fire.
The event let community members get a first-hand look at the training recruit officers receive in the police academy.
It will be closed between Wacker and Randolph starting at 9 a.m. on Monday, April 13.
Temps get warmer, but the risk of severe storms loom for Chicago area. Meteorologist Kylee Miller is tracking the latest.
Police said in both incidents, two suspects approached the delivery driver and attempted to pay for the food with counterfeit money.
The Crime Stoppers covered a busy part of Belmont Avenue, close to where police found the victim's body on March 25.
The armed carjacking happened on Nov. 2, 2023, in the Beverly neighborhood and was caught on Ring surveillance video.
All of the proceeds from Saturday's event went to supporting Altman's family.
The two robberies occurred on March 22 around 10:40 p.m., and the second on Friday around 5:30 p.m.
A Wisconsin sheriff is suing an Illinois woman for $1 million, accusing her of defamation, saying her claims of being detained by federal immigration officials in the Dodge County Jail are a hoax.
New proposed Illinois legislation would allow renters or people who can't install massive rooftop panels to also harness the power of the sun.
When a rusty light pole snapped and fell on a woman's car in Bucktown, causing thousands of dollars in damage, she thought the city would pay for it. She was wrong.
Financial exploitation is the leading type of elder abuse in Illinois. One Streamwood woman learned that personally, when her brother took hundreds of thousands of dollars from their parents' financial accounts.
One year after a teenage girl was shot outside her home in Country Club Hills, Illinois, and was told she would never walk again, she continued to defy the odds and reclaim her independence.
A Morgan Park family is still in shock after a staggering 300% spike in their latest property tax bill, and the man poised to take over as Cook County Assessor at the end of the year says it's an error he wants to make sure doesn't happen again.
Blackhawks forward Frank Nazar left in the second period after he was hit in the face by a puck.
Chicago threatened in the first inning when Andrew Benintendi doubled with two outs before Colson Montgomery flew out to end the inning.
Pirates starter Braxton Ashcraft struck out a career-best nine in five innings while allowing a run on Hoerner's fifth-inning RBI groundout, which cut the Cubs' deficit to 3-1.
Franz Wagner scored 25 points, Jamal Cain added 20 and the Orlando Magic remained in the running to avoid the play-in tournament by beating the Chicago Bulls 127-103.
Kris Bubic struck out a career-high 11, Carter Jensen hit his fourth home run and the Kansas City Royals beat the Chicago White Sox 2-0.
Federal magistrate Renee Harris Toliver told Pooh Sheisty that the evidence against him is strong.
A man was injured in a fight with a woman at a CTA the CTA Belmont Avenue Red-Brown-Purple Line station this week, but police said he didn't report until several hours later.
Chicago police on Tuesday issued a community alert about car break-ins targeting patrons of a gym in the city's Irving Park neighborhood.
Chicago police on Tuesday issued a community alert about a rash of car break-ins in Jackson Park on the city's South Side.
A shooting left a 16-year-old boy dead Tuesday morning in Chicago's South Shore neighborhood.
