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

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

The city of Chicago has done the equivalent of emptying its checking account, and the explanations out of City Hall don’t ...

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

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

That number is up from a previously cited deficit of $529 million, in part due to a $175 million payment to a city pension ...

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

Chicago Public Schools is laying off more than a hundred workers to help close a big budget gap. In the Midwest and Northeast ...

Newly-appointed interim schools chief Macquline King tells the Chicago Board of Education the budget shortfall is $200 ...

Reductions target crossing guards and central-office employees. Trimming a $734 million deficit would require bigger moves.

Chicago Public Schools' interim CEO Macquline King addresses a $730 million budget shortfall, advocating for transparent and ...

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