Budget

(Photo by Scott Olson/Getty Images)

Study: Jobs Prevent Violence In Chicago’s Most Impoverished Neighborhoods

With positive results from a summer jobs program for Chicago teens continuing to roll in, maybes it’s time for Mayor Emanuel to accompany the mountains of praise he has for Chicago’s youth programs with some more cash.

12/11/2014

Republican gubernatorial candidate Bruce Rauner declares victory during his election night gathering while incumbent Democratic Gov. Pat Quinn is yet to concede on November 4, 2014 in Chicago, Illinois. Rauner leads by over 170,000 votes with 98 percent reporting. (Photo by John Gress/Getty Images)

Rauner To Outgoing Gov. Quinn: Don’t Hire Or Appoint Anyone

The state’s governor-elect was in Springfield this week to meet with a variety of officials.

11/20/2014

Metra Logo

Metra Board Approves Fare Hikes For 2015

The increase will average nearly 11 percent, depending on type of ticket and length of ride. For some passengers, ticket prices could rise more than 20 percent.

11/14/2014

A speed camera system in Chicago. (Credit: CBS)

Speed Cameras Net City $50M Less Than Expected

Good behavior is bad for the budget. Real bad, reports CBS 2 Chief Correspondent Jay Levine.

10/16/2014

Photo Credit: Giovanni Marino/Getty Images

5 Tips For Budget Travel To Italy

Traveling to Italy is a wonderful but expensive adventure. Make the most of your money with these five budget tips.

08/05/2014

(Photo Credit: Thinkstock)

How To Buy A Car With Bad Credit

It’s not easy, but when you need transportation, there are ways to find a car despite a low credit score.

06/16/2014

Illinois State Capitol in Springfield

Illinois Legislature OKs ‘Incomplete’ 2015 Budget

The Illinois Legislature sent a new state budget to Gov. Pat Quinn Friday that majority Democrats acknowledge puts off tough decisions about whether to slash spending or find new sources of revenue — including possibly making Illinois’ temporary tax increase permanent — until after the November election.

05/30/2014

Chicago Public Schools

Parents Slam CPS Plans To Spend Nearly $10M On Office Furniture

The Chicago Public Schools’ plan to more than double its budget for office furniture was not sitting well with parents, especially those who believe schools are being shortchanged.

03/26/2014

Commuters wait on a snow-covered platform for an L train in the Wicker Park neighborhood on February 5, 2014 in Chicago, Illinois. About six inches of snow fell on the city overnight marking the 34th day of measurable snow this season, well above the 18-day average. (Photo by Scott Olson/Getty Images)

Harsh Winter Takes A Toll On CTA, Pace Budgets

The polar vortex has blown a hole in the CTA and Pace budgets, but neither agency is pushing the panic button yet.

03/17/2014

Mayor Emanuel talks with CBS 2 Chief Correspondent Jay Levine about snow removal and its impact on the budget. (CBS)

Chicago Has Nearly Exhausted Reserves For Snow Removal This Winter

The city budgeted $20 million for snow cleanup but has already spent $25 million. CBS 2 Chief Correspondent Jay Levine reports.

02/13/2014

Illinois State Capitol in Springfield

Quinn Asks Lawmakers To Give Him Extra Month For Latest Budget Address

Quinn’s proposed speech date would be after the March 18 primary election.

02/03/2014

Gov. Pat Quinn

Quinn Silent On How State Would Pay For Added Preschool

CBS 2 Chief Correspondent Jay Levine shadows Gov. Quinn as he traveled to schools to pitch new education efforts. But how will the state pay for them?

01/30/2014

A CTA train. (CBS)

No Fare Hikes, Service Cuts On CTA, Metra In 2014

Chicago transit riders will get a break next year as the CTA said Friday that it will not raise fares or cut service.

10/18/2013

Pace Bus

Pace Budget Plan Calls For New Vehicles, End To Cash Transfers

Pace is the first of the area’s transit systems to unveil a proposed 2014 budget, and it holds the line on most fares while promising additional service.

10/10/2013

Indiana Dunes

Local Impact Of Federal Government Shutdown

Air traffic controllers and airport security agents will be on the job, but many other federal government services will not be available on Tuesday.

10/01/2013

Photo Credit: Simon & Schuster

Bethenny Frankel’s 8 Questions To Ask When Traveling On A Budget

Bethenny Frankel shares an excerpt from Skinnygirl Solutions. If you’re traveling on a budget, first ask yourself these eight questions.

08/22/2013

(Credit: Thinkstock)

Aldermen Grill CPS Officials On Budget Cuts For Schools

The City Council Education Committee was taking a hard look at the Chicago Public Schools budget at a City Hall hearing on Friday, and aldermen were raising questions about spending cuts for neighborhood schools.

08/09/2013

(Credit: Thinkstock)

Parents Protest School Budget Cuts, Seek State Audit Of CPS Budget

Claiming the move to close 49 elementary schools won’t save any money, opponents of the Emanuel administration’s plans protested outside CPS headquarters on Monday, asking state leaders to step in.

06/17/2013

Empty Classroom

CTU Fears Chicago Could Follow Philadelphia’s Lead With Teacher Layoffs

Chicago Teachers Union officials fear the city could soon follow Philadelphia’s steps and send out thousands of layoff notices. On Friday, the Philadelphia School District notified more than 3,000 employees of layoffs.

06/10/2013

(credit: Thinkstock)

Commission Miscalculates Financial Aid Money, Reduces Grants For 10K Students

A miscalculation by a state agency could cost several thousand Illinois college students are losing some of their financial aid from the state, though colleges might make up the difference.

WBBM Newsradio–05/01/2013

more