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Cook County Board President Toni Preckwinkle says the county is in deep financial trouble. She said the county is running a major deficit not just through this year, but also into the next fiscal year.

A coalition of union leaders is expected to meet with officials from the City of Chicago on Monday. The meeting comes after last week’s announcement by Mayor Emanuel that some 625 unionized employees may lose their jobs.

Just a year ago the state of Indiana gutted  its budget and cut spending to offset decreases in revenues brought on by the struggling economy.

Illinois Gov. Pat Quinn says he's ready to go to court over canceling pay raises for nearly 30,000 state workers.     Quinn defended his decision to deny the raises by blaming the General Assembly for not appropriating the necessary money.

Illinois' top budget official says the governor is cutting Medicaid payments as a way to force legislators to restructure the program. Gov. Pat Quinn cut $270 million in Medicaid reimbursements when he signed the state budget into law last week."Medicaid is a very ...

The President of the Chicago Board of Education called teachers "the most important part of our educational system", but insisted that the district can't afford to provide a four percent pay increase to teachers and other school union members during the next school year.The Chicago Teachers Union wa

While many states struggle to fill budget gaps, the state of Indiana took in $150 million more than expected during the month of May. State officials reported Friday that sales tax collections were $28 million above May collections last year.