Chicago Public Schools has same credit rating as Colombia, Vietnam

By Mailee Smith

08/21/2025

The Chicago Public Schools board is set to vote on the district’s 2025-2026 budget on Aug. 28. It must close a $734 million budget hole, but the district’s finances are a mess.

A way out: Bankruptcy authorization would give struggling Illinois municipalities options

By Joe Tabor

02/10/2025

Published Feb. 10, 2025 Even though federal COVID relief funds provided an unexpected windfall, that one-time jolt of cash could leave many Illinois localities even worse off than they were before. That boost in revenue allowed local governments to put off difficult budgeting decisions, and as that revenue dries up, municipalities will have to contend...

5 principles to guide Illinois’ public pension reform

By LyLena Estabine

01/16/2025

With nearly $214 billion in state and local pension debt threatening both retirees and government finances, Illinois needs a new path forward. Here are five principles to guide the state, protect taxpayers and safeguard public servants.

Fed: Illinois unemployment rate 2nd-highest in nation

By Justin Carlson

12/23/2022

Analysis from the Federal Reserve Bank of Philadelphia indicates Illinois lost jobs during Q2 rather than gaining, as previously reported. It may still be losing jobs. Illinois ranked No. 2 for highest unemployment in November.

TAGS: IDES: Illinois Department of Employment Security, jobs, unemployment

Illinois metro areas’ unemployment rates among worst in U.S.

By Justin Carlson

12/16/2022

Illinois’ metro areas already face unemployment problems, with some of the nation’s worst rates. They could be hit harder by a recession than other places in the nation.

Illinois unemployment highest in U.S. for 2nd month

By Justin Carlson

11/28/2022

Illinois only added 3,600 jobs in October, a drastic drop in job growth coming amid persistent inflation and rising recession fears. Unemployment led the nation.

TAGS: Illinois, unemployment

Small businesses led Illinois’ COVID-19 jobs recovery

By Bryce Hill

11/23/2022

Small Business Saturday offers a reason to be extra thankful: businesses with fewer than 20 employees were the only ones to grow payrolls since COVID-19 hit.

TAGS: COVID-19, small business

Illinois unemployment rate is worst in U.S.

By Justin Carlson

10/25/2022

Illinois added 14,900 jobs in September, but its unemployment rate was the highest in the nation. Inflation and growing recession fears could hit the state harder than most.

Skokie is latest Illinois community paying pensions by borrowing

By Patrick Andriesen

01/20/2022

The village of Skokie issued $176 million in new bonds to fund shortfalls in public safety pensions. The village joins a growing list of municipalities forced to borrow to meet “unsustainable” pension obligations.

TAGS: bonds, debt, pensions, Skokie

Pritzker seeks credit upgrades despite growing pension debt, budget deficits

By Adam Schuster

08/17/2021

Pension debt is a record $144.2 billion while Illinois’ short-term debt is on track to reach $22 billion in three years, exceeding the record $16.7 billion hit during the budget impasse.

TAGS: credit rating, debt, JB Pritzker, pensions

Fitch Ratings

Chicago Public Schools has same credit rating as Colombia, Vietnam

A way out: Bankruptcy authorization would give struggling Illinois municipalities options

5 principles to guide Illinois’ public pension reform

Fed: Illinois unemployment rate 2nd-highest in nation

Illinois metro areas’ unemployment rates among worst in U.S.

Illinois unemployment highest in U.S. for 2nd month

Small businesses led Illinois’ COVID-19 jobs recovery

Illinois unemployment rate is worst in U.S.

Skokie is latest Illinois community paying pensions by borrowing

Pritzker seeks credit upgrades despite growing pension debt, budget deficits

Chicago Forward 2026: A pro-growth plan to end city budget deficits

Report Archive

Diana Graham

Process for unionizing non-state workers raises red flags

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students