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.
One person was killed in a crash between a car and a school bus carrying student softball players in central Illinois Saturday morning.
A man has been charged in the murder of a 31-year-old man in Chicago's Austin neighborhood.
Jorge Messi served as his son's agent and accompanied him to Europe when he signed with Barcelona as a teenager.
Jewel-Osco has recalled two products with jalapeños due to possible salmonella contamination that is linked to an ongoing FDA investigation.
A woman was charged with attempted murder after being accused of hitting a man with her car and pinning him to a fence.
In a narrow 50-49 vote, President Trump's former defense lawyer was confirmed as attorney general in a vote early Saturday.
The White House has informed Lisa Cook, a member of the Federal Reserve Board of Governors, that President Trump is considering firing her.
A federal appeals court said the White House lacks the authority to unilaterally construct the 90,000-square-foot ballroom. President Trump said the administration will appeal to the Supreme Court.
The Pentagon on Friday released a new batch of documents and images related to UFOs, the fifth disclosure in recent months about the strange encounters.
As Chicago's civilian police oversight body begins the process of searching for a new police superintendent, it has scheduled a series of meetings to gather public input.
The Trump administration is taking aim at power grid operator PJM Interconnection over rising electricity bills that affect Illinois and Indiana residents.
Chicago remained the most bed bug-treated city in the country, according to Orkin's latest annual rankings covering a full year of residential and commercial treatment data.
Illinois Attorney General Kwame Raoul this week warned residents cleaning up from last month's storms to be on the lookout for scams.
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.
With the cyclosporiasis linked to iceberg lettuce growing and consumers wary of the products on grocery shelves, many in Chicago are turning to local farmers market for fresh and safe greens.
East Chicago, Indiana is being placed on a precautionary boil water advisory starting Monday morning for planned installations that could affect water safety.
A new Northwestern Medicine study on long COVID shows women show more neurological symptoms than men.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Chicago just barely made the top 20 in the American College of Sports Medicine's 2026 ranking of the country's fittest cities.
The Shops at North Bridge on the Magnificent Mile announced plans Thursday for a multimillion-dollar renovation project.
While the building that housed the flagship Ann Sather restaurant on Belmont Avenue has been torn down, the renowned Chicago restaurant chain is now set to open a new Lakeview location.
Nationally, data centers used 17.4 billion gallons of water in 2023 — a figure projected to reach 72.6 billion gallons by 2028, raising concerns about states' water supplies.
Chicago's Wishbone Restaurant will soon be closing after 36 years in business.
The Old Town Pour House isn't in its namesake neighborhood anymore, but it's returning to the central area of Chicago — specifically in the Loop.
Crews need about a week and a half to tear down the festival site before the city can begin its own inspection — and past cleanup costs have topped $1 million.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
If weather forces an evacuation, shelter sites are located at Grant Park North, Grant Park South, and Millennium Lakeside Garages, accessible through the vehicle entrance on Michigan Avenue.
Grant Park was filled with tens of thousands of people Thursday for the start of Lollapalooza, as warm weather greeted festivalgoers on day one of the four-day music festival.
Academy Award-winning Irish singer-songwriter Glen Hansard has died in a motorcycle crash.
Join CBS News Chicago at the 2026 Bud Billiken Parade on Saturday morning.
"Saint Delilah" author Isabelle Spotts has your next "summer-ween" read.
A woman is accused of hitting a man with her car and pinning him to a fence in Evanston, Illinois. She is charged with attempted murder.
One man died and two others were injured after an argument led to a shooting on Chicago's South Side on Friday night.
Adopt Eliza from PAWS Chicago today!
Jewel-Osco has recalled two products with jalapeños due to possible salmonella contamination.
What does it take to bowl a perfect game? Tenacity, skill, and experience. Nine-year-old Landen Henderson, of Maywood, has all three.
Join CBS News Chicago at the 2026 Bud Billiken Parade on Saturday morning.
A school district in Northwest Indiana said it will eliminate all school bus transportation and cut sports and clubs for grades K-8 to address a deficit caused by decreased funding from major property tax cuts.
One person was killed in a crash between a car and a school bus carrying student softball players in central Illinois Saturday morning.
Neighbors of a South Side animal feed plant have complained about the noxious smell and air quality for years. Now the city of Chicago and state of Illinois are suing Pullman Innovations to clean up the air, as well as for alleged illegal work and permit violations.
The owners of a Far South Side funeral home where dozens of decomposing bodies were found earlier this week have run into trouble with state regulators before over their handling of bodies at a crematory in the south suburbs.
University of Illinois researchers have found a correlation between more green spaces and less violence in neighborhoods. A group in Chicago is planting trees with the mission to bring beauty and safety to the whole city.
Security video captured the moment a utility pole fell in a parking lot behind a La Grange Park, Illinois, animal hospital, igniting a fire that destroyed multiple cars.
An Illinois Tollway glitch that left thousands of drivers with unexpected warnings about unpaid tolls stemmed from an extra digit in codes within the system's computers, according to records obtained through a Freedom of Information Act request.
Jorge Messi served as his son's agent and accompanied him to Europe when he signed with Barcelona as a teenager.
Angel Martínez hit a grand slam and drove in a career-high six runs and the Cleveland Guardians beat the AL Central-leading Chicago White Sox 8-2 on Friday night to end a three-game losing streak.
Kevin Gausman provided exactly what the Cubs hoped for when they acquired him from the Blue Jays last weekend, pitching seven sharp innings in his Chicago debut in a 6-4 victory over the Kansas City Royals on Friday night.
The Chicago Bears added significant experience to their secondary by signing safety Xavier Woods.
The charge was dropped after Harden completed an alternative resolution program.
A teenager described as "troubled" and "bullied" by a classmate killed his grandparents before gunning down five staff members at a high school in Thailand, police said.
A man has been charged with breaking into a home in west suburban Darien before leading police on a high-speed chase to his own home in southwest suburban Homer Glen.
Police in the southwest Chicago suburb of Lockport were investigating a crash-and-grab burglary at a pizzeria early Thursday.
Chicago police on Thursday were investigating a break-in at a bar in the Garfield Ridge neighborhood.
A candy store in Chicago's West Ridge community was burglarized early Thursday morning.
