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 ...

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 ...

Martinez is an alum of CPS’s Benito Juarez High School and served as the district’s chief financial officer from 2003 to 2009. He served as a deputy superintendent and superintendent in two ...

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

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

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

Developer Sterling Bay is losing the Lincoln Park site to impatient lenders. Now, Chicago's JDL Development is close to ...