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 three suspects are facing multiple charges after attacking a CBS News Chicago crew and then pointing a gun at people in Brighton Park on Monday afternoon.
Illinois State Police said there is no danger to the public.
A woman has died after six months in a coma that her family blames on a confrontation with police in Evanston, Illinois, attorneys said Wednesday.
Illinois House Speaker Emanuel "Chris" Welch is making moves to remove state Rep. Harry Benton (D-Plainfield) from office.
Volunteers in the Chicago area are gathering donations to send to Venezuela earthquake survivors.
Illinois House Speaker Emanuel "Chris" Welch is making moves to remove state Rep. Harry Benton (D-Plainfield) from office.
Special Agent-in-Charge Douglas DePodesta, who has led FBI Chicago for the past three years, is leaving his post on July 6.
Chicago police Supt. Larry Snelling announced Wednesday that he is retiring later this month.
More than 1,000 grand jury presentations are under review after charges were dismissed in the "Broadview Six" case due to grand jury abuses and prosecutorial misconduct, Chicago's top federal prosecutor said.
Illinois Gov. JB Pritzker vowed the state will continue to protect transgender Illinoisans and athletes in the wake of the U.S. Supreme Court ruling Tuesday.
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.
As an alternative to legalizing video gambling terminals citywide, Bally's offered to open slot machine lounges at O'Hare and Midway, saying the move would replace the $6.8 million the city budgeted from VGTs.
An Illinois law banning "swipe fees" on taxes and tips — already delayed twice by lawmakers — appears to be on life support after a federal judge that once permitted it issued a permanent injunction against it this week.
A new study from the Cook County Treasurer's office underlines growing concerns about the impact the Illinois megaprojects bill could have on the county's property tax base and overall fiscal health.
In a major turnaround in the opioid crisis, overdose deaths are falling across Chicago and Cook County.
The north Chicago suburb of Glenview became the latest Illinois municipality this week to confirm mosquitoes testing positive for the West Nile virus this year.
Environmental and community groups are suing the U.S. Environmental Protection Agency for failing to act on a petition challenging U.S. Steel Gary Works operating permit renewal.
In the four years since Roe v. Wade was overturned and Illinois became a destination for abortion care, Illinois providers and advocates have rebuilt the state's infrastructure to support the tens of thousands of people who travel to the state for abortion services every year.
June is National Aphasia Awareness Month, raising awareness of a disorder that affects a person's ability to speak, write, and understand both spoken and written language.
The Chicago Bears this weekend said they are assessing land at Wolf Lake Terminals in Hammond, Indiana, for a possible new stadium.
As an alternative to legalizing video gambling terminals citywide, Bally's offered to open slot machine lounges at O'Hare and Midway, saying the move would replace the $6.8 million the city budgeted from VGTs.
Daley's Restaurant, known as Chicago's oldest, has served Chicago's Woodlawn neighborhood for more than 130 years.
Walgreens is set to close in Chicago's Chatham neighborhood on Thursday, and there's growing concern about where families will get their medications.
The owners of Gene & Georgetti steakhouse are suing a concessions operator over their expansion at Midway International Airport.
Victor Willis, lead singer of the disco group Village People, whose hit "Y.M.C.A." became a fixture at rallies for President Trump, has died at the age of 74, his wife and the band said.
Taylor Swift and Travis Kelce's wedding plans include a rehearsal dinner and a late-night celebration at Madison Square Garden in New York City, according to sources familiar with the security planning.
Chicago rapper Twista has pleaded guilty to willfully failing to pay income taxes.
Lionel Richie's Chicago concert at the United Center has been postponed after the singer became sick at his tour opener in St. Paul, Minnesota.
Legendary musician Lionel Richie had to cut his performance short Wednesday night in St. Paul, Minnesota, leaving fans with many questions.
The only two things manufacturers can print moving forward are “use by” or “freeze by” to indicate when food is no longer safe to eat.
All three have been previously accused of using tow trucks to commit further crimes.
Recess in the West Loop hosted a World Cup watch party. The bar was packed with soccer fans, and even some who were new to the sport.
Gusty storms could pass through the area at times Thursday through the weekend. Chief Meteorologist Albert Ramon has the latest in First Alert Weather.
Known as a son of Englewood, Snelling was the CPD's 64th police superintendent. He was appointed by Mayor Johnson in August 2023 and sworn in the following month.
All three suspects are facing multiple charges after attacking a CBS News Chicago crew and then pointing a gun at people in Brighton Park on Monday afternoon.
Chicago police Supt. Larry Snelling announced he will retire on July 15.
ComEd has issued an urgent warning to people on the West Side of Chicago and in some west and southwest suburbs that the power grid is under "critical strain."
Illinois State Police said there is no danger to the public.
An alleged member of a criminal cyber hacking group had been extradited to Chicago face federal charges after being arrested in Finland.
In a major turnaround in the opioid crisis, overdose deaths are falling across Chicago and Cook County.
An Uber driver who was assaulted during a ride said he begged Chicago police officers not once but twice for help, but was left to fend for himself.
CBS News Chicago has learned that Illinois home insurance premiums are not only higher than the nation's average, but going up faster too.
The Cook County Sheriff's Office has been a part of Illinois' enhanced CTA security plan and state-led task force dedicated to making it safe since the end of March. Their officers have worked more than 4,000 hours a month.
A rideshare driver was shot in Chicago's North Lawndale neighborhood on Monday night.
The Cubs (49-38) have won five straight after sweeping the Padres (43-42), who have lost five in a row.
Dean Kremer pitched six impressive innings in his return from a quad injury, and the Baltimore Orioles avoided a sweep Wednesday with a 6-1 victory over the Chicago White Sox.
Alex Bregman, Michael Busch and Pete Crow-Armstrong added homers to help the Cubs win for the 10th time in 12 games.
Colson Montgomery and Junior Perez homered during Chicago's seven-run third inning and the White Sox pounded the Baltimore Orioles 9-3 on Tuesday night.
A 9-year-old boy from Arizona won a nice chunk of change recently, thanks in part to the signature of Chicago White Sox infielder and slugger Munetaka Murakami.
An alleged member of a criminal cyber hacking group had been extradited to Chicago face federal charges after being arrested in Finland.
More than 1,000 grand jury presentations are under review after charges were dismissed in the "Broadview Six" case due to grand jury abuses and prosecutorial misconduct, Chicago's top federal prosecutor said.
A man was arrested and charged this week with shooting and killing his estranged wife in Chicago's Woodlawn neighborhood this past January.
A man was found shot to death inside a home in Chicago's Pullman community early Wednesday morning.
A Lake County, Illinois, man was due in court Wednesday on charges of making direct threats to Latino immigrants.
