Study: Local Government Pension Debt At More Than $27 Billion
A report being released Monday contains troubling news about the Chicago pension plans covering various municipal employees.
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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.
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.
Tax-increment financing, or TIF, is a controversial economic development tool that has been abused in Chicago. Mayor Rahm Emanuel on Monday vowed again to add oversight to the program.
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.
A tax watchdog group claims Gov. Pat Quinn is not being realistic in how deep in the red the state's finances are.
The head of the government watchdog group the Civic Federation says the Chicago City Council is going to have to show some strength if Chicago is to truly bring its budget under control.
A new report by an independent research group outlines the financial crisis facing Chicago's next mayor and City Council.
Yet another warning has been issued about Chicago's looming public pension crisis.
The oldest non-partisan government research organization in the state says the proposed Illinois income tax increase will not help lower the state's $15 billion deficit.
Gov. Pat Quinn and legislative leaders in Springfield have been meeting repeatedly this week, trying to hammer out an agreement that would raise the state's income tax in an effort to solve a massive budget deficit.
A 19-year-old man was shot and critically injured in a shooting in Chicago's Englewood neighborhood.
A man was critically injured in a shooting in Chicago's Austin neighborhood on Thursday night.
The Trump administration says Iran's autocratic regime is down but not out, and it won't say how long the deadly, costly conflict will go on.
The Joliet City Council on Thursday approved plans for a 795-acre data center, which would be the largest such facility in Illinois.
David Mirkovic had 29 points and 17 rebounds, and No. 3 seed Illinois dominated No. 14 seed Penn 105-70 on Thursday night in the first round of the NCAA Tournament.
Mayor Brandon Johnson has fired Garien Gatewood, his first deputy mayor for public safety, a position Johnson created just days after taking office in 2023.
Two former FBI agents who helped investigate President Trump's efforts to overturn the 2020 presidential election results sued the federal government, alleging they were wrongfully terminated.
The Senate Homeland Security and Governmental Affairs Committee advanced Sen. Markwayne Mullin's nomination to lead the Department of Homeland Security.
Fresh off his win in the Tuesday's primary election, Republican gubernatorial nominee Darren Bailey visited the Chicago suburbs on Wednesday, and said he'll be focusing on building support in the Chicago area during his rematch with Gov. JB Pritzker.
Illinois' heavily Democratic tilt means statewide candidates and those in the Chicago area and its suburbs are favored to win in November.
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.
For Cook County residents hoping to lower their property tax bills, applications are open for exemptions.
Officials in the north Chicago suburb of Wilmette issued a warning Tuesday about scammers who are impersonating representatives of village departments.
The war with Iran is causing gas prices to surge, with motorists in Chicago and around the country guaranteed to feel the impact at the pump Monday morning.
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.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
Illinois Gov. JB Pritzker on Monday announced a $1.5 billion investment from biotherapeutics company CSL for a new plasma therapy manufacturing plant in Kanakee.
When a doctor was told there was no cure for his daughter's condition, he was motivated to transform not only her health, but the lives of thousands of others.
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.
Hundreds of workers were locked out of the BP refinery in Whiting, Indiana, on Thursday after contract negotiations failed to produce a deal ahead of a midnight deadline.
The artificial intelligence and cryptocurrency industries have suffered a setback as they try to reshape the midterm elections and establish themselves as power players in American politics.
Wednesday marked the last day to help celebrate Lou Malnati's pizzeria's 55th birthday with a special deal.
Despite a rash of restaurant closures, veterans of the plant-based food business pushed back against prophecies of doom — and in one case argued that such closures notwithstanding, plant-based eating is only growing.
Two popular Chicago craft breweries – Half Acre Beer Co. and Maplewood Brewery & Distillery – announced on Tuesday they are merging to create a new "premier Chicago beverage company."
ABC has canceled its already filmed season of "The Bachelorette" starring Taylor Frankie Paul after video surfaced of a 2023 incident in which she was charged with assault.
Acclaimed Chicago bar and music venue The Hideout has been sold to a performer and former employee, but the owners said it will carry on as the same beloved place that visitors have always known.
Afroman spoke to CBS News after he won the case, which tested the limits of parody and the license artists can take in social commentary directed at public figures.
The late Sister Jean has been honored with T-shirts, socks, and bobbleheads — and now her spirit lives on with a new documentary.
Legendary Chicago blues singer and guitarist Buddy Guy took the stage at the Oscars Sunday night, performing alongside the cast of "Sinners."
A 19-year-old man was shot and critically injured in a shooting in Englewood.
A man was critically injured in a shooting in Chicago's Austin neighborhood on Thursday night.
The Loyola community came together to mourn the loss of freshman Sheridan Gorman who was shot and killed early Thursday morning near the lakefront. Police are searching for the shooter.
Taylor Frankie Paul's season of "The Bachelorette" has been canceled after video from 2023 was released.
Meteorologist Laura Bannon is tracking a warmup in Chicago.
An 18-year-old Loyola University student was shot and killed while walking near the lakefront in Rogers Park overnight, school officials confirmed.
The body of missing University of Alabama student James Gracey, who disappeared on a trip to Barcelona, has been found, Spanish officials said Thursday.
Fighting Illini fans are counting down to the tipoff of the team's Thursday night matchup against Penn in the first round of the NCAA Tournament.
A 19-year-old man was shot and critically injured in a shooting in Chicago's Englewood neighborhood.
A man was critically injured in a shooting in Chicago's Austin neighborhood on Thursday night.
United Steel Workers union representatives said that some workers had already had their access cards deactivated.
Have you ever walked into a business with no employees? You may soon; autonomous businesses are becoming more popular.
Streets were left pooled with rainwater, and homes flooded after Sunday night's storms. Residents say there is one clear solution
Attorneys for the family of a woman killed in a crash during a high-speed police chase in 2017 say officers involved failed to activate their body cameras or turned them off during the pursuit.
A new specialized unit is being created to prosecute domestic violence homicides in Cook County, as these killings surged 15% last year, even as overall violent crime declined across Chicago.
David Mirkovic had 29 points and 17 rebounds, and No. 3 seed Illinois dominated No. 14 seed Penn 105-70 on Thursday night in the first round of the NCAA Tournament.
Connor Bedard scored a goal and defenseman Alex Vlasic made a game-saving stop as time ran out as the Chicago Blackhawks beat the Minnesota Wild 2-1 to snap the NHL's longest active point streak for one team against another.
James Harden scored 36, Evan Mobley added 26 points and 14 rebounds and Cleveland hung on to beat the Chicago Bulls 115-110 even though Cavaliers star Donovan Mitchell missed the game because of a bruised left eye.
The sluggish Bulls shot 38.5% in the first half and committed 11 turnovers, leading to 20 points for the Raptors.
It's the Illini's sixth tournament appearance under head coach Brad Underwood, but for the first time in program history, the Illini are led by a freshman all-American.
A man was charged Thursday after a long police chase that alternated between high and low speeds on interstates through Chicago's north suburbs the day before.
The man who attacked a synagogue in Michigan last week sent a photo of himself with the AR-style rifle he had during the attack to a family member in Lebanon, according to a U.S. official.
A man from Chicago's northwest suburbs stood charged Tuesday with leaving the scene of a crash and driving drunk, after authorities said he hit a pedestrian overnight near Barrington, Illinois.
A man stood charged Tuesday in two separate shootings that wounded a Chicago police sergeant and a 63-year-old woman in the Pullman and Roseland neighborhoods this past weekend.
Jurors delivered their verdict Monday in the trial of Kouri Richins, a Utah mother accused of murdering her husband and later publishing a children's book about grief.
