FOX 32 on MSN10d
Suburban Chicago businessman sentenced to 3 years in prison for $3M fraud scheme
A suburban Chicago businessman was sentenced to three years in federal prison for running a wide-ranging fraud scheme ...
Crain's Chicago Business14d
Chicago schools to take $400M advance from revolving credit
The borrowing comes as the government watchdog Civic Federation describes the junk-rated school district as being at a ...
CPS on the ‘financial brink’ and state takeover shouldn’t be out of the question, Civic Federation report says
Chicago Public Schools is on the financial brink and the state should consider taking over, according to budget watchdog group the Civic Federation.
CBS News24d
Civic Federation says Chicago Public Schools' finances could lead to a credit downgrade
CHICAGO (CBS) -- The budget watchdog group the Civic Federation warned Monday that the Chicago Public Schools' finances are in such bad shape that the State of Illinois may need to take control of ...
CPS, independent arbitrator agree the district can’t afford much more on teachers contract, CPS says
This comes after the teachers union said the report showed CPS has money to spare. CPS leaders said the report instead “confirmed the district's severe financial constraints.” ...
CBS News23d
New hybrid Chicago Board of Education to be seated amid financial crisis, increased discord in CTU talks
The group said a confluence of financial challenges jeopardizes the district's ability to provide the quality education necessary to prepare Chicago students for success. The report calls for ...
Ex-Girardi Keese CFO Contemplating Guilty Plea in Chicago Case
The former chief financial officer for now defunct plaintiffs’ firm Girardi Keese is in plea negotiations to resolve criminal fraud and contempt charges pending in Chicago, prosecutors told a federal ...