City Hall budget officials say major sources of revenues in the city’s general fund came in far lower than anticipated.

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 ...

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… ...

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

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

Chicago had a $161 million deficit in fiscal year 2024, according to the annual comprehensive financial report the city ...

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

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

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

Chicago Public Schools says it has taken out a $275 million short-term loan so it can meet its obligations with the teachers' pension fund by a June 30 deadline.