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 ...

Budget watchdog group the Civic Federation warned current circumstances are “so serious that a state financial takeover … is not and should not be out of the question,” and urged the new ...

The report by the Civic Federation, a prominent government fiscal watchdog, set the stage for incoming board members by identifying several areas causing fiscal turmoil: staffing increases ...

That’s the finding of the Civic Federation in a new report being released today that puts CPS finances under the microscope as the district nears a fateful decision on whether to borrow ...

“I’m ready to offer choices to the Board and community about cutting programs,” Schwartz said during a December presentation to the Arlington County Civic Federation. “The Board is going ...

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

Steve Grzanich has the business news of the day with the Wintrust Business Minute. The Civic Federation of Chicago, the local budget watchdog, is warning that finances are so bad in Chicago Public ...