Chicago Public Schools finances are in “precarious” condition, so fragile and in danger of collapse that the state of Illinois needs to consider seizing control of the troubled school district. That’s ...

The new Chicago Board of Education being seated Wednesday — the first to have elected members — will stare down a district on the financial brink: an imbalanced budget, rising costs, falling student ...

The Chicago Public Schools board of education unanimously approved the $9.9 billion fiscal 2025 budget Thursday. The vote came on the heels of a report from the Civic Federation of Chicago, a ...

Why are we asking for donations? Why are we asking for donations? This site is free thanks to our community of supporters. Voluntary donations from readers like you keep our news accessible for ...

CHICAGO (WLS) -- A big tax hike may be the only way for Illinois to get its financial house in order, and that's just one of the tough measures suggested by the Chicago Civic Federation in its ...

With Chicago Public Schools grappling with a $529 million deficit and no clear way to balance its budget for the fall, the state might want to take over the school district’s finances — a move that ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. Steve Grzanich has the business news of the ...

Why are we asking for donations? Why are we asking for donations? This site is free thanks to our community of supporters. Voluntary donations from readers like you keep our news accessible for ...

CHICAGO (CBS) -- Respected and oft-quoted public budget and fiscal policy expert Laurence Msall has died unexpectedly. Msall was the longtime president of the Civic Federation, one of Illinois' top ...

Gift Article 10 Remaining As a subscriber, you have 10 articles to gift each month. Gifting allows recipients to access the article for free. Mayor Brandon Johnson should consider every option to ...

Last month, Chicago Public Schools entered a new era of governance: a hybrid Board of Education with 10 elected members and 11 appointed by the mayor. In 2026, voters will decide on all 21 seats, ...

As president of the business-based Civic Federation for 21 years, Laurence Msall delved in the trenches of local and state government finance and economics, his expertise helping provide advice, ...