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

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 ...

Now that both the U.S. House and Senate have approved a plan to claw back $9 billion in federal foreign aid and public ...

Mayor Lori Lightfoot acknowledged the city faces looming budget woes because of ballooning public pension costs and other growing expenses as officials on Friday released Chicago’s annual fin… ...

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 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 ...

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 ...

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.

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 ...

After multiple attempts, Chicago Mayor Brandon Johnson got his 2025 budget through the City Council, without the property tax increase he proposed in October. The final $17.3 billion budget ...

Chicago Mayor Brandon Johnson is proposing a $300 million property tax hike — breaking a campaign promise — to help close next year’s nearly $1 billion budget shortfall.

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 ...