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

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

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

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

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

The layoffs included 87 people represented by SEIU Local 73 — nearly all of whom were crossing guards — plus 67 employees in ...

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

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

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

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

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 ...