The Civic Federation said dwindling enrollment, rising costs, long-term pension liabilities, and infrastructure needs have left the district on "the financial brink."

The budget watchdog group said CPS' finances are in such bad shape that the State of Illinois may need to take control of the school district.

A new report being released today by the government watchdog Civic Federation puts Chicago Public School finances under the microscope as the district nears a fateful turning point.

As CPS and its teachers union disagree about how much the district can afford, a new report warns of dire fiscal outlook.

A new report warned of a dire financial outlook for CPS with mounting budget deficits if significant action isn't taken.

The Civic Federation’s finance report for the 2025 budget raises serious concerns about how the district will survive in the future. Jermont Terry reports.