24/7 LiveChicago & Suburban Cook Co.North SuburbsWest SuburbsSouth SuburbsNW Indiana

Watch Live

Weather & Traffic

Weather

Forecast

Funeral Home Bodies ID'd

I-Team

Investigates

Price Tracker

Streaming

Chicago Proud

Sports Overtime

Budget Cuts

Chicago officials trade blame over projected $98M budget shortfall

  • Jul 18

CPS lays off 162 employees amid $700 million budget shortfall

  • Jul 14

Chicago teachers warn of cuts as CPS faces $700 million budget deficit

  • Jun 26

Mayor attempts to reintroduce head tax before full budget vote Sat.

  • Dec 19, 2025

Chicago mayor still sees chance for compromise on alternative budget

  • Dec 18, 2025

Alternative to mayor's plan approved by City Council Budget Committee

  • Dec 18, 2025

Finance committee approves alternate budget proposal without head tax

  • Dec 17, 2025

Mayor, alders remain at budget negotiation stalemate as deadline looms

  • Dec 16, 2025

Latest Videos

0:19

Columbia College Chicago cutting programs, jobs amid budget deficit

  • Dec 17, 2024
13:20

Gov. Pritzker delivers budget address

  • Feb 17, 2021
0:20

Gov. JB Pritzker budget address expected as partisan battle brews

  • Feb 17, 2021
3:19

As COVID vaccine arrives in Illinois, Pritzker says budget cuts not far behind

  • Dec 16, 2020
15:46

Gov. Pritzker discusses budget cuts, impact of COVID-19 pandemic

  • Dec 15, 2020
2:20

Provident Hospital nurses worry budget cuts could cost lives as they work last shifts

  • Dec 3, 2020
0:51

Chicago City Council set to vote on 2021 budget

  • Nov 24, 2020
0:21

Cook County Board President Toni Preckwinkle to introduce budget with $400M deficit looming

  • Oct 15, 2020

Latest Stories

Chicago City Council revises alternative budget proposal, mayor defends head tax as deadline looms

A majority of the Chicago City Council introduced an alternative budget proposal during a meeting Wednesday and scheduled a series of meetings over the next two weeks to pass a budget before Christmas.

  • Dec 13, 2025

Chicago Police Department Supt. Larry Snelling defends CPD's proposed $2.1B budget

While he wasn't off the hook, the Chicago top cop's appearance before City Council members was a bit more relaxed than previous years as Snelling received praise for a continued reduction in crime numbers and clearance rates.

  • Nov 5, 2025

Evanston-Skokie District 65 presents proposed school closure scenarios to address budget deficit

The Evanston-Skokie District 65 School Board talked about school closure scenarios to address a combination of money problems and declining enrollment.

  • Oct 14, 2025
(AP Photo/Charles Rex Arbogast)

Pritzker directs agencies to limit spending in response to Trump's economic policies

Illinois agencies must identify spending reductions and create reserves in their budgets to prepare for an economic downturn, according to an executive order issued Tuesday by Gov. JB Pritzker.

  • Sep 24, 2025

Budget shortfall could end CTA's 24-hour public service in Chicago

Changes could be coming to the public transit system around the Chicagoland area as the CTA, Metra and Pace face $771 million budget shortfall in 2026.

  • Sep 19, 2025