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Budget

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

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

American Eagle

Budget Cuts Force Air Control Towers To Close

The air traffic control towers at airports in Waukegan, Gary and Kenosha are among 149 facilities that will close starting April 7.

03/22/2013

Gov. Pat Quinn presents his annual budget address to the Illinois General Assembly on March 6, 2013, in Springfield. (Credit: CBS)

Quinn: ‘Most Difficult Budget Ever’ Due To Pension Mess

Governor Quinn says he found this his toughest budget to deliver to Illinois lawmakers, and it’s getting criticism from both sides of the aisle, reports WBBM Political Editor Craig Dellimore.

03/06/2013

Cardinal Francis George speaks to reporters during a visit to Children's Memorial Hospital on Christmas Sunday. (Credit: CBS)

Cardinal George Targets School Closings, Staff Cuts To Save Archdiocese Budget

The Chicago Archdiocese is closing five schools and eliminating 75 staff positions in an effort to save millions of dollars over the next two years.

02/27/2013

A Dixmoor public works vehicle. (CBS)

Broke Village Doesn’t Have Money To Pay Employees, Fill Vehicles With Gas

Only three of Dixmoor’s five squad cars have gas — that’s how desperate this situation is. CBS 2′s Suzanne Le Mignot reports.

02/08/2013

credit: Steve Hardy/CBS Digital Chicago

Metra Budget Hearings Draw Very Low Turnout

Despite a looming 11 percent fare increase for 10-ride ticketholders, few riders bothered to turn out for Metra’s only public hearings on its 2013 budget.

WBBM Newsradio–12/11/2012

(credit: CBS)

Best Tips To Avoid Holiday Spending Mistakes From A Chicago Financial Professional

The holidays are renowned for overspending and budgetary mistakes that can affect finances long after the actual holiday. However, following a few simple tips from a Chicago financial professional can help you avoid common mistakes and make for a more stress-free holiday season.

12/04/2012

CTA Bus (Photo by Tim Boyle/Getty Images)

CTA Proposes Hikes To Weekly, Monthly Passes

The New Year will mean higher fares for half of the CTA’s ridership.

CBS Chicago–11/20/2012

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