In all, Chicago owes $35.9 billion to its four employee pension funds representing police officers, firefighters, municipal ...

Chicago Public Schools continues to face severe budget problems. As a result, it’s laying off staff and cutting programs. And part of the reason for those reductions has to do with the district ...

The interim CEO of Chicago Public Schools said the district's budget deficit is $734 million, more than $200 million more ...

Layoffs could be just the start of Chicago Public Schools' budget cuts as the district tries to close a $734 million deficit.

Chicago Public Schools faces some tough decisions in the coming days as the June 30 deadline to make the $634 million teacher pension payment hangs over its head.

Less aggressive investment return estimates have carved an additional $1 billion hole in the severely underfunded pension system for Chicago teachers, reviving questions about how a retirement plan… ...

Chicago ended 2024 with no unassigned fund balance after CPS skipped a key pension payment, leaving Mayor Johnson with less ...

Chicago Public Schools CEO Forrest Claypool said Friday that the district will continue to pick up a major chunk of pension contributions for teachers until the final phase of contract ...

Chicago schools made a massive teachers pension payment on Friday that’s been looming over the district all year. Chicago was only able to make the $464 million payment by painful midyear cuts ...

The Chicago Police Department exceeded its nearly $2 billion budget, approved by the Chicago City Council, by $207 million, ...

The new figure, announced Thursday by the CEO, includes a $175 million pension payment that Mayor Brandon Johnson needs to ...

CHICAGO (WGN) — It’s a $175 million question: who should pick up the tab on a Chicago Public Schools pension contribution for ...