Illinois

cps.edu

Chicago Public Schools wants to borrow up to $500 million for the new fiscal year, in addition to nearly $400 million in short-term loans to finish out this year and make a pension payment.

  

The Board of Education meets Wednesday to consider the plans.

A spokeswoman for the nation's third-largest district says the half-billion dollars of bond debt would be used in the upcoming budget year starting July 1.

Mayor Rahm Emanuel announced plans for the short-term loans last week. He blames lawmakers for putting CPS at a financial disadvantage.

Flickr user Pictures of Money / "Money" (CC BY 2.0)

With only a week to go before the scheduled end of the spring session, Democrats in the Illinois Senate passed a new $37.3 billion budget package Tuesday that would raise the state income tax by $5 billion and cut some spending.

But it got no Republican support, and its future is uncertain.

The Senate voted on a different budget proposal last week, and it failed. So, Democrats tabled their negotiations with Republicans and went for a plan that matches the spending level of Republican Gov. Bruce Rauner’s own budget proposal from earlier in the year.  

"Target Credit Card" by Flickr User Mike Mozart / (CC X 2.0)

Illinois will receive more than $1.2 million from an $18.5 million multi-state settlement with Target Corp. to resolve an investigation into the discount retailer's pre-Christmas data breach in 2013.

Target's breach, which occurred between Nov. 27 and Dec. 15, 2013, affected more than 41 million customer payment card accounts and exposed contact information for more than 60 million customers. The breach forced Target to overhaul its security system. The company offered free credit reports for potentially affected shoppers.

Jenna Dooley / WNIJ

Democrats in the Illinois Senate are preparing to go it alone on a budget plan. This morning, they’re set to consider both spending cuts and tax increases.

Senate Democrats and Republicans had been trying to work together to end the nearly two-year Illinois budget standoff, but an overall deal has escaped completion since January.

With just a few days remaining in the legislative session, Democratic senators moved ahead with some of Gov. Bruce Rauner’s non-budget demands last week.

Now they’re advancing budget legislation.

Jenna Dooley / WNIJ

The Winnebago County Coroner's Office has been working for most of the past year to identify decomposed human remains which were found in a garbage can outside an apartment building on Market Street in Rockford in July.

The coroner's office later determined it was a middle-aged Caucasian male. Tests indicate lower-spine degeneration, which means the man may have walked a lot.

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