Budget

Illinois State Capitol in Springfield

Budget Impasse Stops Flow Of Federal Cash To Some Workers, Aid Recipients

CBS 2’s Dana Kozlov reports on frozen funds – and the people impacted.

07/30/2015

Illinois State Capitol

Temporary Budget, Likely Doomed, Goes To Illinois Governor

Illinois lawmakers adopted a stop-gap budget plan Wednesday and readied to send it to a dismissive Gov. Bruce Rauner on a day when a flurry of state Capitol activity did little to move the state toward a yearlong spending agreement.

07/15/2015

Governor Bruce Rauner waits for the arrival of  President Barack Obama at the Gwendolyn Brooks College Preparatory Academy on February 19, 2015 in Chicago, Illinois. Obama used the event to designate Chicago's historic Pullman district a national monument. (Photo by Scott Olson/Getty Images)

Rauner Challenging Lawmakers To Pass Reforms Or Raise Taxes

The governor issued a challenge to Democrats: support reforms or raise taxes.

07/08/2015

Illinois State Capitol

One Step Forward, Two Steps Back In Legislative Attempts To Pass State Budget, Reforms

SPRINGFIELD, Ill. (CBS/AP) –– Illinois House Democrats came back to Springfield carrying what they called an olive branch to Gov. Bruce Rauner on business reform. However, Republicans derided Thursday’s votes on employment insurance for workplace […]

06/04/2015

Gov. Bruce Rauner (CBS)

Gov. Rauner To Democrats: ‘No More Kicking The Can’

The Republican governor digs says he won’t consider new tax revenues until members of the other party pass his “Turnaround” agenda in Springfield. CBS 2 Chief Correspondent Jay Levine reports.

06/01/2015

Illinois State Capitol in Springfield

Illinois Lawmakers Scurry Through Bills; No Budget Deal Yet

Illinois lawmakers are tackling a long to-do list without mentioning the biggest obstacle facing the General Assembly before its Sunday adjournment deadline: a $3 billion budget deficit.

05/30/2015

Governor Bruce Rauner waits for the arrival of  President Barack Obama at the Gwendolyn Brooks College Preparatory Academy on February 19, 2015 in Chicago, Illinois. Obama used the event to designate Chicago's historic Pullman district a national monument. (Photo by Scott Olson/Getty Images)

Gov. Rauner Rattles Saber In Op-Ed Piece; Can State Budget Deadline Be Met?

CBS 2 Chief Correspondent Jay Levine reports on Gov. Bruce Rauner going on the offensive.

05/21/2015

(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

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