There were hopeful notes at the swearing-in of 20 new board members, half of them elected. Now the hard work begins.

S&P Global Ratings downgraded Chicago's general obligation debt to BBB from BBB-plus, saying the 2025 budget fails to address a structural imbalance.

A new report warned of a dire financial outlook for CPS with mounting budget deficits if significant action isn't taken.

A male victim who was pulled from an apartment fire overnight in the Belmont Cragin neighborhood suffered burns to his body and was taken to Loyola University Medical Center in critical condition, ...

Steve Grzanich has the business news of the day with the Wintrust Business Minute. The Civic Federation of Chicago, the local budget watchdog, is warning that finances are so bad in Chicago Public ...

The current seven-person Chicago school board, with members all selected by Mayor Brandon Johnson, will switch Wednesday to 20 board members and a president.

CHICAGO (WLS) -- A new report paints a dire financial picture at Chicago Public Schools. The Civic Federation says CPS is in ...

CPS' $1.1 billion fund balance is a major improvement from negative balances almost a decade ago. But although CTU believes, ...

SOCIAL MEDIA SALVO: House Republican Leader Tony McCombie has been sued in federal court by Tom DeVore, a former Republican ...

As CPS and its teachers union disagree about how much the district can afford, a new report warns of dire fiscal outlook.

The nation's fourth-largest school system is perched on a financial cliff, and will fall if something is not done soon, ...

A Civic Federation report calls for budget cuts and new revenue sources. The group floats a state financial takeover as a ...