New taxes – and lots of them. That's what Illinois will need to dig out of its current fiscal mess, according to a new report from the Civic Federation.

On Monday, the state of Illinois announced the reopening of the Illinois State Museum, a 138-year-old institution closed by Gov. Bruce Rauner last September. But it's not exactly that easy. 

The cost of Illinois’ budget impasse? The income tax would have to go up 100 percent if the state’s debt is to be paid off through revenue alone, according to state Comptroller Leslie Munger. How much longer can the state teeter along without a budget? Paris Schutz has more.

After the Illinois Supreme Court ruled a pension reform plan unconstitutional, lawmakers have failed to come up with a solution to a problem that worsens with each passing day. Could some form of federal bailout or bankruptcy restructuring be the answer for Illinois? 

The state's oldest and largest social service agency announces it will eliminate 30 programs and 40 percent of its staff. We bring you more on this and other news out of Springfield with Amanda Vinicky.

Gov. Bruce Rauner says he and Senate President John Cullerton have a deal on major pension reform, but it fell apart as the day went on. What happened? Paris Schutz has details.

Illinois has been without a budget for almost five months, as lawmakers and Gov. Rauner have been locked in a battle split down party lines. However, one Democrat broke ranks—to the consternation of his colleagues. Is there any hope for compromise on the budget stalemate?

Illinois’ budget stalemate has created a hairy situation for Peoria Journal Star political reporter Chris Kaergard, who has vowed not to shave his beard until a resolution is reached. “Chicago Tonight” brushes up on the progress of #BudgetBeard with Kaergard. 

The Illinois General Assembly was in session in Springfield on Tuesday for the first time in weeks as the budget impasse drags on. "Chicago Tonight" Springfield reporter Amanda Vinicky joins us to talk about what happened today at the capitol.

Watching FX’s "American Horror Story" and hitting the golf course could become more expensive under a budget proposal unveiled by Cook County Board President Toni Preckwinkle last week. She joins us to discuss her proposal and how it will help plug a projected $198.9 million budget hole. 

The fiscal cracks may be turning into floodgates as the state government approaches a fifth month without a budget. A major ratings agency on Monday dealt a blow to the state as a result of the inaction in Springfield. Has it emboldened either side to get off the sidelines and work together on a solution? Paris Schutz has the latest.

A dire report from Illinois' comptroller today: The state budget stalemate has reached an alarming point in the state's ability to make a significant pension payment and pay bills. 

The Thompson Center is for sale. Gov. Rauner says the iconic building has become a costly and inefficient albatross for Illinois. Just how much can the state get for it, and what does the renowned architect who designed it have to say about its future?

As the state budget stalemate drags on for a fourth month, Gov. Bruce Rauner tries again to make his pitch for compromise. Paris Schutz has the story.

Senate President John Cullerton and Senate Republican leader Christine Radogno discuss the budget standoff in Springfield.

Mayor Rahm Emanuel will soon unveil his 2016 budget, which is reported to include a $500 million property tax increase. A panel of aldermen reacts to the proposal – which the mayor says isn't enough to cover Chicago's budget woes – and discusses other ideas for possible city revenue streams.