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 ...

Mayor Brandon Johnson’s spending plan for Chicago Public Schools heavily relies on the prospective TIF revenue from the city.

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 ...

The nation's fourth-largest school system is perched on a financial cliff, and will fall if something is not done soon, according to the Civic Federation. The budget watchdog group released a ...

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 ...

CHICAGO (WLS) -- Mayor Brandon Johnson is two weeks away from presenting his budget recommendations and Wednesday a fiscal watchdog group offered a series of options and recommendations, especially ...

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 ...

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This is an archived article and the information in the article may be outdated.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 ...

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, ...