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 ...

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

Two factors outside the city’s control explain the situation: a $165 million reduction in Chicago’s share of revenues from the personal property replacement tax, and a disputed $175 million pension ...

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 ...

In recent years, the handling of the nation’s largest public ... the Chicago Catch-Up newsletter. Meanwhile, other large institutional investors are dumping private equity investments as their ...

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

If the court sides with the district and finds Leasing Corporation is a public entity, that means documents previously ...

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

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