The East St. Louis school system says it will shutter five schools because of declining enrollment and in an effort to pare the district's roughly $12 million budget deficit.The Belleville News-Democrat reports that the schools will close by June 30.
The state of Illinois is hoping investors will snap up $800 million worth of bonds next week. The investment world has not looked kindly on Illinois bonds in recent years as the state has struggled with a mountain of debt.
When Chicago Mayor Rahm Emanuel released his first budget plan last month, he said, “A budget is about priorities.” Over the past few weeks, the ensuing process to arrive at a final budget has involved a push-and-pull between aldermen and the mayor, rallies by residents and lobbying by interest grou
Chicago Mayor Rahm Emanuel is restoring cuts to city libraries and pushing an across-the-board increase in vehicle sticker prices after a majority bloc of aldermen raised objections to some unpopular pieces of the mayor's proposed budget.