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.
An off-duty Gary police officer and his family were injured when a police car collided with a semi-trailer truck on Thursday in northwest Indiana.
As America turns 250 years old in 2026, CBS News Chicago is looking back at two presidents who called Illinois home.
On a cold February night in Chicago, dozens of people braved the frigid temperatures to sleep outside on Friday night to raise awareness and support for the city's homeless population.
An Illinois man was extradited from Texas to Michigan to face felony charges in connection with a 2024 murder and robbery in Warren.
A Downers Grove man who had been missing for more than a month was found dead on Friday in a retention pond in Woodridge.
Gov. JB Pritzker is demanding President Trump refund the state of Illinois more than $8 billion after the U.S. Supreme Court struck down his sweeping reciprocal tariffs Friday.
Gov. J.B. Pritzker turned up the pressure on the Bears on Friday, calling on ownership to make clear if they're still interested in staying in Illinois and stop sending mixed signals.
Minneapolis Mayor Jacob Frey and Chicago Mayor Brandon Johnson will join several other Democratic elected officials and well-known actors in giving unofficial responses to President Trump's State of the Union address on Tuesday night, according to a news release about the event.
"I guess I can say I am considering that," President Trump told reporters when asked about the possibility of a limited strike on Iran.
The Supreme Court on Friday ruled President Trump does not have the authority to unilaterally impose sweeping tariffs under a federal emergency powers law.
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.
Chief meteorologist Albert Ramon has the latest First Alert Weather forecast.
As America turns 250 years old in 2026, CBS News Chicago is looking back at two presidents who called Illinois home. Nearly 150 years separated the presidencies of Abraham Lincoln and Barack Obama, who both launched political careers Illinois.
The U.S. could be one step closer to taking action against Iran. The aircraft carrier USS Gerald R Ford and an escorting destroyer were spotted on Spain’s southern coast on Friday. President Trump has said he is considering limited military strikes, and sources said the plan could include targeting individuals or leadership in Tehran.
President Trump announced alternative plans to keep his sweeping tariff policy in place after the Supreme Court handed his administration a major defeat. A Chicago area toy business was at the center of this monumental decision. Now the question remains how everyday people might benefit from the high court's ruling.
On a cold February night in Chicago, dozens of people braved the frigid temperatures to sleep outside on Friday night to raise awareness and support for the city's homeless population.
Gov. JB Pritzker is demanding President Trump refund the state of Illinois more than $8 billion after the U.S. Supreme Court struck down his sweeping reciprocal tariffs Friday.
Two persons of interest are in custody for a deadly carjacking on the city's North Side that is believed to be connected to a shooting in Bronzeville.
A family-owned toy company in north suburban Vernon Hills played a pivotal role in the surprise Supreme Court ruling Friday that struck down most of President Trump's tariffs.
A freight train derailment in Chicago's south suburbs has blocked a handful of crossings for several hours on Friday in Harvey and Dixmoor.
An off-duty Gary police officer and his family were injured when a police car collided with a semi-trailer truck on Thursday in northwest Indiana.
A family-owned toy company in north suburban Vernon Hills played a pivotal role in the surprise Supreme Court ruling Friday that struck down most of President Trump's tariffs.
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.
After a successful halfpipe qualifier, Team USA's Hunter Hess flashed an "L" and referenced insults from President Trump.
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.
An Illinois man was extradited from Texas to Michigan to face felony charges in connection with a 2024 murder and robbery in Warren.
An armed home invasion suspect has been charged, after he was arrested following an hours-long standoff with police, during which two people were rescued on Thursday in northwest suburban Arlington Heights, Illinois.
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.
