The main revenue source for the 4% raise isn’t available until at least September. Meanwhile, the CPS board president says he and the interim CEO are working “feverishly” to deliver the raise sooner.

The city of Chicago has done the equivalent of emptying its checking account, and the explanations out of City Hall don’t ...

Interim CPS CEO Macqueline King adjusted the district's deficit last week to $734 million, $200 million more than her ...

CPS employs about 600 crossing guards, and close to 90 are getting pink slips. In addition, about 20 guard vacancies are not ...

Two factors outside the city’s control explain the situation: a $165 million reduction in Chicago’s share of revenues from the personal property replacement tax, and a disputed $175 million pension ...

A prominent manufacturing facility proposed for Selkirk has taken a backseat as trade tensions with the United States persist ...

“CPS 230 is a cross-industry prudential standard so it’s aimed equally at insurers, banks and superannuation funds,” she said ...

City Hall budget officials say major sources of revenues in the city’s general fund came in far lower than anticipated.

Activists say CPS Energy’s weatherization programs and existing bill aid not enough for some residents struggling with high ...

The higher standards of operational risk management for banks, insurers and superannuation funds, with flow-on effects for ...

Chicago ended 2024 with no unassigned fund balance after CPS skipped a key pension payment, leaving Mayor Johnson with less ...

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