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.

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 ...

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, ...

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 ...

The Civic Federation said dwindling enrollment, rising costs, long-term pension liabilities, and infrastructure needs have ...

The Chicago Teachers Union and Chicago Public Schools still have not reached a contract deal. Meanwhile, the CPS Board of Education’s publicly elected members will be sworn in this week, and the ...