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.
The City of Chicago has been paying out record-breaking number of legal settlements — many of them police-involved.
Officer Vásquez Lasso was shot and killed on the job back in March 2023. The now-21-year-old defendant, Steven Montano, was 18 at the time of the shooting.
The 17-year-old boy was shot by a gunman riding a scooter over the weekend in the West Ridge neighborhood. It's the second incident involving a suspect on a scooter.
Legendary Chicago blues bar Rosa's Lounge in Logan Square is launching its very own record label.
Wisconsin's race for governor is hitting the airwaves more than a year before voting begins.
The City of Chicago has been paying out record-breaking number of legal settlements — many of them police-involved.
Wisconsin's race for governor is hitting the airwaves more than a year before voting begins.
john Hooker was sentenced to 18 months in prison and a fine of $500,000 in U.S. District Court on Monday, according to the U.S. Attorney's office.
The Supreme Court on Monday agreed to pause a lower court order that required the Department of Education to reinstate nearly 1,400 employees.
The states lost out on billions in funding for after-school and summer programs, teacher training and other initiatives.
The listing came with flashy social media videos to market the place that property owner Frank Diaz wasn't even selling.
The federal tax credits, which are meant to get drivers behind the wheel of electric cars, end Sept. 30.
ComEd is launching a $10 million customer relief fund for lower-income customers having trouble paying for electricity as prices rise.
The Antioch, Illinois, family said they wanted to share their story so others don't make the same mistake.
The rideshare customer made it very clear that her frustration is not over the amount of money that was charged, but rather that she was charged at all without her permission.
Many Southeast, Southern and West Coast states are likely seeing an increase in COVID cases.
Parkinson's disease is a neurogenerative disease that affects more than 1 million people in the U.S. While some cases are caused by genetics, the cause is unknown in most.
The Wisconsin Supreme Court's liberal majority struck down the state's 176-year-old abortion ban on Wednesday, ruling 4-3 that it was superseded by a newer state law that criminalizes abortions only after a fetus can survive outside the womb.
The Illinois Department of Public Health regularly tests the water to determine when beaches are safe to reopen.
Climbing the stairs to the top of the former John Hancock Center is a feat unto itself, but Laura Valentine did it just months after undergoing a very complicated double organ transplant.
Some of the fans who received the email have long histories with the team, and there are a lot of concerns.
The Board of Trade Museum is open from 10 a.m. to 4 p.m. Monday through Friday, and is closed on weekends and federal holidays.
Right now, it is not exactly clear how the tax will be passed onto the consumer. But vaping products and popular Zyn pouches will now be subject to a 45% tax — up from 15%.
The Wisconsin Supreme Court has delivered a victory for environmentalists in the battle over the regulation of "forever chemicals" known as PFAS.
On Tuesday, July 1, the city's minimum wage will go up, along with wages for tipped workers, as part of Chicago's One Fair Wage Ordinance.
Guerrero talked recently about the challenges he has faced, and the full-circle moment that has led to his dream job as principal conductor of the Grant Park Symphony Orchestra in Chicago.
The winning bid for the original Birkin bag set a record for the most valuable handbag ever sold at auction, Sotheby's said.
Michael Madsen apparently went into cardiac arrest and was found unresponsive in his home in Malibu, California, on Thursday morning, according to his manager.
The verdict in the Sean "Diddy" Combs trial comes after the high-profile proceedings started in May.
Jurors in the Sean "Diddy" Combs trial continued their deliberations Wednesday on a racketeering conspiracy charge that they weren't able to agree over.
Demolition was set to begin Monday for the historic silos on Chicago’s Southwest Side. Kris Habermehl reports from CBS Skywatch.
Before the halfway point of the calendar year 2025, the city blew past the $90 million budgeted for settlements. And on Monday alone, five new settlements appeared to be ready to be paid out — totaling more than $35 million. Political Reporter Chris Tye reports.
An isolated storm is possible on Tuesday.
During a meeting Monday morning with the NATO secretary-general, the president gave Russian President Vladimir Putin 50 days to cut a peace deal.
It is believed that a soccer game was going on at the time of the shooting, but it's unclear if the game had anything to do with the shooting.
An Air Quality Alert has been issued through Tuesday for the Chicago area from wildfire smoke coming in from Canada.
The children left behind and the hidden toll of domestic violence in Chicago.
The silos date back to 1906 but were abandoned in 1977.
The fire spread to at least two other buildings, including one commercial business.
The City of Chicago has been paying out record-breaking number of legal settlements — many of them police-involved.
The children left behind and the hidden toll of domestic violence in Chicago.
Three Chicago pharmacies were hit by burglars overnight. Police have not yet connected the three burglaries, but small business owners said this crew has hit them more than once and cost them thousands in damage.
Chicago Public Schools interim CEO Macquline King sat down with us to discuss the district's precarious financial situation and how she plans to reassure parents after a tumultuous year.
Gilbert and Hester Mendez said police pointed assault rifles and handguns at them and their children, Peter and Jack, after raiding the wrong home in 2017.
Alds. Brendan Reilly and Scott Waguespack said they've been pushing for an ordinance for more than a decade that they believe could have prevented the shooting.
Right fielder Jermaine Dye was the World Series Most Valuable Player in that series. Dye, 51, was back with his teammates to celebrate this weekend.
The all-time series between the AL Central White Sox and Guardians is even at 1,130-1,130, with 17 ties.
Shota Imanaga led the Chicago Cubs to a 4-1 victory over the New York Yankees on Sunday.
They're partying like it's 2005 on the South Side. The White Sox are celebrating the 20th anniversary of their 2005 World Series title all weekend long, and one of their players got a special gift from the team's most famous fan, Pope Leo XIV.
Kyle Manzardo hit a tiebreaking home run and All-Star Steven Kwan drove in two runs to help the Cleveland Guardians beat the Chicago White Sox 6-2.
Officer Vásquez Lasso was shot and killed on the job back in March 2023. The now-21-year-old defendant, Steven Montano, was 18 at the time of the shooting.
A Milwaukee man has pleaded guilty to carrying a concealed pistol outside the Republican National Convention's security perimeter last year. The incident happened just days after another person tried to assassinate Donald Trump in Pennsylvania.
Three juveniles were facing charges Sunday night in an armed robbery that led to a wild chase from the west Chicago suburb of Cicero to Chicago's West Side.
The children left behind and the hidden toll of domestic violence in Chicago.
Pickup truck hits motorcycle, speeds off in Chicago's Park Manor neighborhood on Michigan Avenue off 71st Street.
