Chicago Public Schools issued layoff notices to 1,458 staff due to enrollment changes, not the $734 million deficit.

District officials haven't said when they’ll be able to pay teachers retroactive raises for last school year and more layoffs ...

Chicago’s budget shortfall could skyrocket to $1.9 billion by 2026 if the economy takes a nosedive — and even under the rosiest scenario, the gap between revenue and expenses would be $789 ...

Chicago Public Schools interim CEO Macquline King sat down with us to discuss the district's precarious financial situation ...

Chicago is on more stable financial footing than where it stood just a few years ago, with the outgoing administration projecting a $698 million surplus in 2022 and 2023 that will go toward ...

CHICAGO — Three weeks before delivering his 2025 budget address, Chicago Mayor Brandon Johnson was asked, ... The mayor and his financial team face an enormous challenge.

Chicago budget deficit will likely mean taxpayers 'kicking in more' The challenge to meet city expenses is to make sure that the people who can afford more, pay more, a retiree writes.

Still, in several cases, the new compliance requirements demand that theaters no longer do the specific work they were founded to do. For example, Chicago’s About Face Theatre, which stages ...

The toughest stretch so far of Mayor Brandon Johnson's term awaits this fall as he confronts a budget cap of nearly $1 billion and other challenges.

Chicago Budget Director Annette Guzman announced a citywide hiring freeze as part of her office's efforts to mitigate the nearly $1 billion deficit projected for 2025.

A CTA Pink Line train departs the Ashland ‘L’ station, Nov. 10, 2022, in Chicago. Ridership, and rider fare revenue, remain well below pre-pandemic levels, meaning CTA and other transit ...

“Chicago’s long-term liabilities, particularly our pension obligations, have been a significant fiscal challenge for decades, placing unique pressures on the City’s budget,” the city said ...