Chicago Public Schools proposes a $9.9B budget to address a $500M deficit through cost cuts, layoffs, and debt restructuring.
Chicago Public Schools (CPS) unveiled a $9.9 billion budget proposal to address a $500 million deficit, primarily through administrative cost cuts, layoffs, debt restructuring, and leaving vacancies unfilled. The budget does not account for expected raises from new collective bargaining agreements with unions. CPS aims to prioritize teaching and learning while ensuring that no school's overall budget is cut.
July 10, 2024
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