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

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 Civic Federation said dwindling enrollment, rising costs, long-term pension liabilities, and infrastructure needs have left the district on "the financial brink." ...

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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.

COVID-19 money was supposed to go to one-time expenses, not to adding positions and programs that would continue long after ...

Chicago Public Schools finances ... needs to consider seizing control of the troubled school district. That’s the finding of the Civic Federation in a new report being released today that ...

according to the Civic Federation. The budget watchdog group released a comprehensive report detailing the dire financial situation Chicago Public Schools faces, especially next year. "The amount ...

Teachers and other school workers, who are determined to fight against years of austerity and lost purchasing power, must ...

A new report warned of a dire financial outlook for CPS with mounting budget deficits if significant action isn't taken.

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