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

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, ...

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

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

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

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 ...

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

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

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 ...