Board of Education of the City of Chicago

Chicago Public Schools says its books are balanced while also saying it needs more than $1 billion of short-term borrowing.

Chicago Public Schools will ask its board to OK up to $1.1 billion of borrowing Wednesday.

The region's governments could find it harder to generate fresh revenue, Moody’s Investors Service said

The payoff comes as the district takes out new tax anticipation notes.

State funding for K-12 school districts has been restored after a compromise between lawmakers and the governor.

Moody's Investors Service says firmed-up state and city funding has stabilized the district's finances, for now.

The Chicago Teacher's Union threatened a lawsuit that could derail the funding package.

The package delivers about $150 million more than district officials wrote into their spending plan for the year.

The legislative deal ends a stalemate that had blocked funding for K-12 schools statewide.

Chicago's board of education approved a budget before a state vote on aid and with city funding uncertain.

The Chicago Civic Federation opposes the school district's budget over its reliance on uncertain revenues and debt.

Illinois has a tentative deal on a school funding overhaul that could get aid again flowing to districts.

The school board will vote amid new optimism about state funding.

Illinois is putting the ratings of some already strained school districts at risk, said S&P Global Ratings.

With Illinois school aid still in limbo, there is talk of compromise ahead of a veto override vote next week.

Muni traders on Friday are looking ahead to next week’s lighter new issue slate, which will be dominated by a note deal, rather than a bond sale.

Chicago can't shake pension strains, CPS mess, and state dysfunction as it shows off economic and fiscal strides.

The Democratic majority wants to override the changes Republican Gov. Bruce Rauner made to its school funding package.

CPS needs the city and state to deliver more than $500 million to balance its books for 2017-2018.

A debt issue to reduce its mountain of unpaid bills is stuck in Illinois' political divide.