Budget

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

(Photo Credit: Tim Boyle/ Getty Images)

CTA Postpones Unveiling Budget Amid Progress In Union Talks

The CTA was supposed to unveil its 2013 budget Thursday – but canceled the presentation minutes before a scheduled news conference because of overnight progress in talks with its two major unions.

11/15/2012

Metra locomotive (CBS File Photo)

Metra Riders Asked To ‘Pick Poison’ On Fare Hikes

Beginning today, Metra is asking riders to “pick their poison,” and tell them what kind of fare increase, if any, they can stomach next year.

11/01/2012

UP West Metra Train

Metra: Fare Increases Could Occur On Emergency Basis

The risks include a spike in fuel prices, severe snow or heat, a major derailment or a bridge failure.

10/12/2012

(credit: heybecks.com)

Drought Driving Up Cost Of Your Thanksgiving Turkey

Just in time for your Thanksgiving dinner, prices at the grocery store are going up.

10/09/2012

Gov. Pat Quinn

Union: Quinn’s Unfair Demands Have Left Contract Talks At Standstill

First it was Mayor Rahm Emanuel with the Chicago Teachers Union, and now, another prominent Illinois Democrat is in trouble with a public employees’ union.

CBS Chicago–09/27/2012

Pile of cash (CBS)

Survive This Economy: Be A Financial Role Model For Your Kids

Your kids are watching — that’s the reminder for parents from a financial expert who said, when it comes to money, and surviving this economy, you’re a role model for your kids, even if you don’t realize it.

CBS 2–09/25/2012

Mayor Rahm Emanuel

Emanuel Says He’s Cut Budget Shortfall In Half

As he prepares to unveil his preliminary 2013 budget today, Mayor Rahm Emanuel says he’s managed to cut the projected deficit in half.

WBBM Newsradio–07/31/2012

Chicago Public Schools

CPS Lets Web Users Suggest System Budget

The Chicago Public Schools system wants to give you a chance to play budget wizard, and determine how spending choices you would like would affect the school system’s allotted $5 billion.

WBBM Newsradio–07/11/2012

Mayor Rahm Emanuel (Credit: Natalie Cheng/CBS)

Emanuel Defends CPS’ Choice To Use Up Rainy Day Fund

Mayor Rahm Emanuel is defending the Chicago Public Schools for balancing the system’s budget through what some say is the risky step of draining the school system’s “rainy day fund.”

WBBM Newsradio–07/10/2012

(Photo by Justin Edmonds/Getty Images)

Opinion: Celebrate The 4th Of July

Americans should want to celebrate the 4th of July and at least give some sign of wanting the celebrations that have been cut from municipalities’ budgets.

07/04/2012

Catholic Nuns (Photo by Mario Tama/Getty Images)

Opinion: Nuns Tour To Protest Ryan Budget

A group of Catholic nuns have started a bus tour challenging the Ryan budget plan and its cuts to social programs.

06/21/2012

Illinois State Capitol

State Lawmakers Pass Budget, But Not Without Contention

Illinois lawmakers have passed a budget to the Gov. Pat Quinn, but not without a lot of contention.

WBBM Newsradio–06/01/2012

CTA Bus (Photo by Tim Boyle/Getty Images)

CTA Says It Has Found Money To Avert Fare Hikes, Service Cuts

Chicago Transit Authority President Forrest Claypool said Wednesday that the agency has found the $80 million it needs to avert fare hikes and service cuts the rest of this year — without labor concessions.

CBS Chicago–05/31/2012

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