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

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 ...

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

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

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

CBS-Chicago Tue, January 14, 2025 at 1:54 AM UTC 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.

As Chicago Public Schools continues contract talks with its teachers union, a pressing question looms: How will the district pay for a new contract — and rein in ballooning budget deficits?

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 ...