Civic Federation says Chicago Public Schools' finances lead to a credit downgrade
The Civic Federation said dwindling enrollment, rising costs, long-term pension liabilities, and infrastructure needs have ...
New CPS school board needs fiscal discipline, creative problem-solving
There were hopeful notes at the swearing-in of 20 new board members, half of them elected. Now the hard work begins.
CPS on the ‘financial brink’ and state takeover shouldn’t be out of the question, Civic Federation report says
Chicago Public Schools is on the financial brink and the state should consider taking over, according to budget watchdog ...
To save CPS from 'catastrophe,' watchdog urges new school board to 'right-size' CPS finances
A Civic Federation report calls for budget cuts and new revenue sources. The group floats a state financial takeover as a ...
David Greising: Taxpayers deserve to know just how much governments fattened themselves on federal COVID-19 money
COVID-19 money was supposed to go to one-time expenses, not to adding positions and programs that would continue long after ...
Crain's Chicago Business5d
CPS finances 'on a razor's edge,' state takeover may be needed: Civic Federation
A new report being released today by the government watchdog Civic Federation puts Chicago Public School finances under the ...
CPS perched on financial cliff, state financial takeover an option: report
The nation's fourth-largest school system is perched on a financial cliff, and will fall if something is not done soon, ...
New hybrid Chicago Board of Education to be seated amid financial crisis, increased discord in CTU talks
The current seven-person Chicago school board, with members all selected by Mayor Brandon Johnson, will switch Wednesday to ...
WGN Radio4d
Wintrust Business Minute: Civic Federation of Chicago says State may need to take over Chicago Public Schools
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 ...
WBEZ5d
To save CPS from 'catastrophe,' watchdog urges new school board to tackle CPS finances
A Civic Federation report calls for budget cuts and new revenue sources. The group floats a state financial takeover as a ...
CBS News5d
Civic Federation says Chicago Public Schools' finances could lead to a credit downgrade
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 ...