Civic Federation, Chicago Public Schools

Civic Federation says Chicago Public Schools' finances could lead to a credit downgrade
The Civic Federation said dwindling enrollment, rising costs, long-term pension liabilities, and infrastructure needs have left the district on "the financial brink."
CPS finances 'on a razor's edge,' state takeover may be needed: Civic Federation
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.
Civic Federation warns Chicago Public Schools' finances are in dire shape
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.
Chicago Public Schools faces major fiscal challenges, analysis finds
A new report warned of a dire financial outlook for CPS with mounting budget deficits if significant action isn't taken.
How can Chicago Public Schools pay for a new teachers contract?
As CPS and its teachers union disagree about how much the district can afford, a new report warns of dire fiscal outlook.
Wintrust Business Minute: Civic Federation of Chicago says State may need to take over Chicago Public Schools
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
Report raises serious concerns about finances of Chicago Public Schools
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.
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 ...
CPS perched on financial cliff, state financial takeover an option: report
The nation's fourth-largest school system is perched on a financial cliff, and will fall if something is not done soon, ...
To save CPS from 'catastrophe,' watchdog urges new school board to 'right-size' CPS finances
A Civic Federation report calls for budget cuts and new revenue sources. The group floats a state financial takeover as a ...