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 Lake County, Illinois, man was due in court Wednesday on charges of making direct threats to Latino immigrants.
The 1995 Chicago heat wave is the most notorious and deadly of the city's hot spells, and in fact the deadliest weather event in the city's history. With the Midwest again trapped under a heat dome, the lives lost more than 30 years ago have been top of mind for many.
Two people to the very top of the Empire State Building in New York City Wednesday afternoon as part of an apparent wedding proposal.
CBS Miami, Neighbors 4 Neighbors and Global Empowerment Mission are collecting donations to help families affected by the devastating earthquakes in Venezuela.
Illinois Gov. JB Pritzker vowed the state will continue to protest transgender Illinoisans and athletes in the wake of the U.S. Supreme Court ruling Tuesday.
Illinois Gov. JB Pritzker vowed the state will continue to protest transgender Illinoisans and athletes in the wake of the U.S. Supreme Court ruling Tuesday.
President Trump earned more than a billion dollars from crypto-related ventures alone last year, according to a financial disclosure, including from his meme coin business and his family's cryptocurrency firm.
The mother of a Loyola University freshman who was shot and killed in March delivered tearful testimony on Capitol Hill on Tuesday.
After the Supreme Court announced it would take up a challenge to Cook County's assault weapons ban, State's Attorney Eileen O'Neill Burke said she is ready to defend the law before the high court.
The Supreme Court agreed to take up challenges to so-called assault-weapons bans in Cook County, Illinois, and Connecticut.
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.
As an alternative to legalizing video gambling terminals citywide, Bally's offered to open slot machine lounges at O'Hare and Midway, saying the move would replace the $6.8 million the city budgeted from VGTs.
An Illinois law banning "swipe fees" on taxes and tips — already delayed twice by lawmakers — appears to be on life support after a federal judge that once permitted it issued a permanent injunction against it this week.
A new study from the Cook County Treasurer's office underlines growing concerns about the impact the Illinois megaprojects bill could have on the county's property tax base and overall fiscal health.
In a major turnaround in the opioid crisis, overdose deaths are falling across Chicago and Cook County.
The north Chicago suburb of Glenview became the latest Illinois municipality this week to confirm mosquitoes testing positive for the West Nile virus this year.
Environmental and community groups are suing the U.S. Environmental Protection Agency for failing to act on a petition challenging U.S. Steel Gary Works operating permit renewal.
In the four years since Roe v. Wade was overturned and Illinois became a destination for abortion care, Illinois providers and advocates have rebuilt the state's infrastructure to support the tens of thousands of people who travel to the state for abortion services every year.
June is National Aphasia Awareness Month, raising awareness of a disorder that affects a person's ability to speak, write, and understand both spoken and written language.
The Chicago Bears this weekend said they are assessing land at Wolf Lake Terminals in Hammond, Indiana, for a possible new stadium.
As an alternative to legalizing video gambling terminals citywide, Bally's offered to open slot machine lounges at O'Hare and Midway, saying the move would replace the $6.8 million the city budgeted from VGTs.
Daley's Restaurant, known as Chicago's oldest, has served Chicago's Woodlawn neighborhood for more than 130 years.
Walgreens is set to close in Chicago's Chatham neighborhood on Thursday, and there's growing concern about where families will get their medications.
The owners of Gene & Georgetti steakhouse are suing a concessions operator over their expansion at Midway International Airport.
Victor Willis, lead singer of the disco group Village People, whose hit "Y.M.C.A." became a fixture at rallies for President Trump, has died at the age of 74, his wife and the band said.
Taylor Swift and Travis Kelce's wedding plans include a rehearsal dinner and a late-night celebration at Madison Square Garden in New York City, according to sources familiar with the security planning.
Chicago rapper Twista has pleaded guilty to willfully failing to pay income taxes.
Lionel Richie's Chicago concert at the United Center has been postponed after the singer became sick at his tour opener in St. Paul, Minnesota.
Legendary musician Lionel Richie had to cut his performance short Wednesday night in St. Paul, Minnesota, leaving fans with many questions.
Major changes to federal student loan rules take effect on Wednesday, July 1, that will limit how much Americans can borrow and their repayment options.
President Trump took his first trip on a plane that was gifted to him by Qatar.
President Trump earned more than a billion dollars from crypto-related ventures alone last year, according to a financial disclosure released Tuesday, including from his meme coin business and his family's cryptocurrency firm.
A Lake County, Illinois, man was due in court Wednesday on charges of making direct threats to Latino immigrants.
A man was charged with videotaping a boy in a men's restroom at Woodfield Mall in Chicago's northwest suburbs last week.
Two people climbed to the very top of the Empire State Building, flew a banner, then apparently got engaged.
A deadly shooting was reported overnight in Chicago's River North neighborhood.
The 1995 Chicago heat wave is the most notorious and deadly of the city's hot spells, and in fact the deadliest weather event in the city's history.
A Lake County, Illinois, man was due in court Wednesday on charges of making direct threats to Latino immigrants.
During the incident, a reporter and photographer were approached by three men, one with a dog, before their news truck and gear were destroyed.
In a major turnaround in the opioid crisis, overdose deaths are falling across Chicago and Cook County.
An Uber driver who was assaulted during a ride said he begged Chicago police officers not once but twice for help, but was left to fend for himself.
CBS News Chicago has learned that Illinois home insurance premiums are not only higher than the nation's average, but going up faster too.
The Cook County Sheriff's Office has been a part of Illinois' enhanced CTA security plan and state-led task force dedicated to making it safe since the end of March. Their officers have worked more than 4,000 hours a month.
A rideshare driver was shot in Chicago's North Lawndale neighborhood on Monday night.
Alex Bregman, Michael Busch and Pete Crow-Armstrong added homers to help the Cubs win for the 10th time in 12 games.
Colson Montgomery and Junior Perez homered during Chicago's seven-run third inning and the White Sox pounded the Baltimore Orioles 9-3 on Tuesday night.
A 9-year-old boy from Arizona won a nice chunk of change recently, thanks in part to the signature of Chicago White Sox infielder and slugger Munetaka Murakami.
It was Suzuki's second career game-ending hit and Chicago's major league-leading 10th walk-off win this season.
Colson Montgomery hit a go-ahead double in the eighth inning, Jacob Gonzalez drove in three runs and the Chicago White Sox beat the Baltimore Orioles 8-2 on Monday night in the opener of their series.
A Lake County, Illinois, man was due in court Wednesday on charges of making direct threats to Latino immigrants.
A deadly shooting was reported overnight in Chicago's River North neighborhood.
During the incident, a reporter and photographer were approached by three men, one with a dog, before their news truck and gear were destroyed.
A man was charged with videotaping a boy in a men's restroom at Woodfield Mall in Chicago's northwest suburbs last week.
Police in Burr Ridge, Illinois, issued a warning Tuesday about burglars using distractions to break into homes.
