CHICAGO (CBS) -- The budget watchdog group the Civic Federation warned Monday that the Chicago Public Schools' finances are in such bad shape that the State of Illinois may need to take control of the ...

A new report being released today by the government watchdog Civic Federation puts Chicago Public School finances under the microscope as the district nears a fateful turning point.

There were hopeful notes at the swearing-in of 20 new board members, half of them elected. Now the hard work begins.

The borrowing comes as the government watchdog Civic Federation describes the junk-rated school district as being at a ...

As CPS and its teachers union disagree about how much the district can afford, a new report warns of dire fiscal outlook.

A Civic Federation report calls for budget cuts and new revenue sources. The group floats a state financial takeover as a “worst-case scenario” if the situation doesn’t improve.

Budget watchdog group the Civic Federation ... the resources are there. Chicago is not broke.” The new board’s immediate challenges are well-known: Chicago Public Schools has a $9.9 billion ...

CHICAGO (WLS) -- A new report paints a dire financial picture at Chicago Public Schools. The Civic Federation says CPS is in such bad financial shape, that the state may need to take over control.

Steve Grzanich has the business news of the day with the Wintrust Business Minute. The Civic Federation of Chicago, the local budget watchdog, is warning that finances are so bad in Chicago Public ...

CBS-Chicago Tue, January 14, 2025 at 1:54 AM UTC The budget watchdog group said CPS' finances are in such bad shape that the State of Illinois may need to take control of the school district.

CHICAGO (CBS) -- The budget watchdog group the Civic Federation warned Monday that the Chicago Public Schools' finances are in such bad shape that the State of Illinois may need to take control of ...