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 National Transportation Safety Board was at Union Station in downtown Chicago on Monday, highlighting safety improvements needed across the U.S. rail system.
A Porter County Sheriff's officer has been fired after he was arrested for driving while intoxicated over the weekend.
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
Chicago police were searching Monday morning for the gunmen who robbed multiple women and stole their jewelry in Chicago's Lincoln Park neighborhood.
Traffic was back to normal Monday morning after a concrete barrier fell from a bridge in Palatine, Illinois, the day before.
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
The three news organizations, which were banned from White House grounds by President Trump, are arguing that the ban is unconstitutional.
President Trump said that he has agreed to convert plans for a massive triumphal arch into a "top grade Military Complex," equipped with snipers and drone storage.
President Trump said Friday that three outlets would be banned from the White House, "effective immediately."
Fuel prices continue to climb across the country, and that has U.S. Sen. Dick Durbin (D-Illinois) pointing the finger at President Trump.
Fuel prices continue to climb across the country, and that has U.S. Sen. Dick Durbin (D-Illinois) pointing the finger at President Trump.
Nicor customers will get a break on their bills this fall after Illinois Attorney General Kwame Roul reached an agreement with the utility to cut $140 million from its requested rate hike.
Drivers in Chicago and beyond were paying the highest gas prices ever recorded for the Labor Day holiday as millions of Americans were making their way home on Monday.
Around 115 million domestic and international tourists visited Illinois last year, pushing visitor spending past $50 billion for the first time and generating more than $88 billion in total economic impact.
Illinois Attorney General Kwame Raoul filed a lawsuit Thursday against ABC Plumbing, Heating, Cooling & Electric Inc., alleging deceptive business practices.
Nearly half of Americans with medical debt owe at least $2,000, forcing them to make tough choices, new research shows.
A judge on Tuesday was expected to place two shuttered Chicago-area safety-net hospitals into receivership.
Cardinal Blase Cupich and a group of Catholic nuns have joined a federal lawsuit challenging Illinois' Medical Aid in Dying law, which is set to take effect in just over a week.
Flies have been everywhere this summer in the Chicago area, and some of them bite. But why is this happening?
Prime Healthcare is drawing criticism after announcing it will stop obstetrics services at three Chicago-area hospitals.
The future of Rate Field was back in the spotlight on Wednesday.
Plans for a new Chicago White Sox stadium in the South Loop have residents near the existing ballpark in Bridgeport concerned, not just because the team might be leaving, but also what might be coming nearby.
A new report from the University of Illinois Chicago said federal immigration enforcement led to $1.26 billion in unspent money at retail establishments and restaurants in Cook County.
Around 115 million domestic and international tourists visited Illinois last year, pushing visitor spending past $50 billion for the first time and generating more than $88 billion in total economic impact.
A new Whole Foods Market is coming to Chicago's Old Town neighborhood.
Presley Gerber, the son of Cindy Crawford and Rande Gerber, has died at 27, a family spokesperson has confirmed.
Duncan Sheik died on Thursday night, his family said.
Aaron Rowe, Beoga, Lukas Graham and Finneas all released statements Tuesday on Instagram saying they were withdrawing from Ed Sheeran's tour.
Performer Macklemore is being dropped from Ed Sheeran's Loop tour after making on-stage statements that some found controversial.
Dubbed the "Designer to the Stars," Bob Mackie won nine Emmy Awards, a Tony Award and was nominated for three Oscars.
The man’s attorney identified him as 28-year-old Venezuelan national Wilber Rafael Garces Perez.
Three news organizations are suing the Trump administration after their reporters were banned from the White House over the weekend.
The National Transportation Safety Board was at Union Station in downtown Chicago on Monday, highlighting safety improvements needed across the U.S. rail system.
Illinois Gov. JB Pritzker is opening up about his weight loss, saying he has been taking weight loss drugs for nearly two years since he was diagnosed with diabetes.
Mahjong is drawing a new generation of fans who are joining clubs and getting into the game, and a growing body of research shows it could have benefits for your brain later in life. Bradley Blackburn explains.
Police in Evanston said they are investigating after federal agents allegedly tried to arrest the wrong man this past weekend.
While how long Williams will be out remains unknown, fans were nevertheless alarmed to see him carted away with a towel over his head during the fourth quarter.
Two people were hospitalized early Monday after being hit by a car that did not stop in downtown Chicago.
The National Transportation Safety Board was at Union Station in downtown Chicago on Monday, highlighting safety improvements needed across the U.S. rail system.
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
The village of Grayslake is touting a new massive data center, but neighbors say they weren't given an opportunity to make their voices heard before the project was approved.
A Cicero woman is suing Uber and a driver after the driver allegedly sexually assaulted her. She and her boyfriend said Uber hired him despite the driver having a criminal background.
Both hospitals were supposed to be placed in receivership, but after five hours of closed-door negotiations on Tuesday, it is still unclear what the future holds for both hospitals.
Chicago police crime data show 255 reported crimes in the last two years on the two blocks where the former Hard Rock and Rainforest cafés sit vacant. Neighbors have been calling the city about the alley between them for six years.
A three-year effort by the Cook County Sheriff's Office to help bring down crime on the Magnificent Mile in downtown Chicago appears to be working.
Sam Antonacci had a two-run double in a three-run fourth inning and the Chicago White Sox kept pace in the AL Central and eliminated the Detroit Tigers from playoff contention with a rain-soaked victory Sunday.
For the fans, the focus right now is on how Williams and the rest of the team perform on the field. Some are already dreaming of a Super Bowl appearance.
Chicago (87-69) reduced its magic number to one and could wrap up a berth if the Diamondbacks lose to the Yankees later Sunday.
Williams departed with a right hamstring injury midway through the fourth quarter.
While how long Williams will be out remains unknown, fans were nevertheless alarmed to see him carted away with a towel over his head during the fourth quarter.
Chicago police were searching Monday morning for the gunmen who robbed multiple women and stole their jewelry in Chicago's Lincoln Park neighborhood.
Burglars smashed an ATM at a gas station minimart in Chicago's West Town community early Monday, but failed to get any money, an employee said.
Thieves crashed a vehicle into a convenience store on Chicago's Near North Side early Monday and stole the ATM.
Vandals smashed out the windows of the Haymarket Pub & Brewery in Chicago's West Loop early Monday.
An off duty Cook County Sheriff's correctional officer was among three men injured in a shooting during fight in River North early Saturday morning.
