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 ...

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 ...

As Chicago Public Schools tries to get its fiscal house in order, it faces management turmoil, risks to federal funding and ...

Chicago Public Schools is on the financial brink and the state should consider taking over, according to budget watchdog group the Civic Federation.

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

The Civic Federation of Chicago, the local budget watchdog, is warning that finances are so bad in Chicago Public Schools, that the State of Illinois may need to take control of the school system. The ...

Shown are members of the Chicago Board ... out to experts, civic leaders, lawmakers and others who are willing to help play a part in creating a thriving public school system.

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 ...

The Chicago Board of Education tapped $400 million from its short-term revolving credit agreements with Bank of America and ...