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.
Crain's Chicago Business15d
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 ...
CBS News25d
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 ...
Chicago Teachers Union rejects fact-finding report, negotiations to continue
CHICAGO — Chicago Teachers Union contract negotiations hit a snag after the union rejected an arbitrator’s findings. The CTU, ...
ABC 7 Chicago25d
CPS perched on financial cliff, state financial takeover an option: report
CHICAGO (WLS) -- The nation's fourth-largest school system is perched on a financial cliff ... would result in downgrades and tip the district into insolvency. Besides the state fully funding ...