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

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

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

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

Outgoing CPS CEO Pedro Martinez said he underestimated how hard it would be to convince Mayor Brandon Johnson to release ...

Macquline King, the interim CEO of CPS, said the budget gap for the district has risen to $734 million due to costs related ...

A stark discrepancy was uncovered when comparing Shah’s submissions to the lender with his company’s actual IRS and state tax ...

Yorkville, Illinois, defaulted on special district bonds for Kendall Marketplace, a shopping center that never evolved into ...

As commissioner, Martinez is now responsible for overseeing the state’s education priorities and ensuring districts are ...

Even in today’s extremely challenging times, there are places in Illinois where environmental justice is happening.

Austan Goolsbee, president of the Federal Reserve Bank of Chicago, traveled to Wisconsin to meet with businesses to hear ...

Team owner Joe Mansueto has committed to paying for the stadium himself, while tax increment financing district dollars would cover infrastructure needs on the long-vacant site.