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CPS budget plan hedges on city pension payment

CPS budget plan hedges on city pension payment, but some board members are insisting it be paid

In its plan to close a $734 million deficit out Wednesday, CPS officials proposed cutting operations, refinancing debt and tapping into a reserve fund. They didn't propose a loan.

Chicago Tribune · 9h

Mayor Brandon Johnson aligned school board members balk at CPS budget plan that sidesteps city pension payment, borrowing

The Chicago Board of Education is divided on a balanced budget that avoids Mayor Brandon Johnson’s plan to borrow and cover a pension payment.

WTTW News · 13h

CPS Banking on TIF Funding, Pension Contingency to Keep Cuts Out of Classrooms in Latest Budget Plan

The choices we have are difficult ones,” CPS chief budget officer Mike Sitkowski told the Board of Education, “and it’s very difficult for us to be able to make cuts of this magnitude and keep the impact off of our schools.

CPS, Chicago Public Schools Interim

Yahoo · 22h

CPS interim CEO to address $700M+ budget shortfall, which remains unresolved with new academic year about to begin

Chicago Public Schools Interim CEO Macquline King is set to present a full budget plan Wednesday morning, with the district facing an approximately $734 million budget gap as CPS students return to class Monday.

CBS News · 1d

CPS facing budget deadline, interim CEO resisting $300 million loan

Classes start in less than a week for Chicago Public Schools students, and in less than a day, the district will unveil its budget proposal for the upcoming school year. A final budget plan has not yet been agreed upon,

Chicago Sun-Times · 1d

Facing deadline, CPS leaders lay out budget options but no firm spending plan

CPS CEO and union leaders met with alderpeople Tuesday about closing the district’s $734 million deficit. They didn’t offer a firm decision on whether CPS would make a contested municipal pension payment.

Student sues, alleging CPS failed to do a ‘thorough’ background check on guard charged with assaulting her

A CPS student is accusing the Board of Education of failing to do a “thorough” background check on the security guard later ...

6hon MSN

CPS presents balanced budget that does not include classroom cuts or taking out loan

To close an almost billion-dollar budget deficit, Chicago Public Schools presented a balanced budget that does not include ...

CPS to cut Safe Passage workers' hours in budget crunch

Safe Passage’s budget has been scaled back nearly $6 million in the past year as CPS has faced a more than half-billion ...

15hon MSN

Lawsuit alleges CPS violated policy hiring security guard now accused of sexual assault

A former CPS student has filed a lawsuit against the Chicago Board of Education, alleging it failed to conduct a thorough ...

WTTW News15h

CPS Did Not Properly Vet Security Guard With Criminal History Who Later Was Charged With Sexually Assaulting Student, Lawsuit Alleges

The lawsuit details sixteen arrests that preceded the hire of Romel Campoverde by the district. The complaint highlights ...

WGN-TV Chicago on MSN16h

Community leaders gather to implore CPS not to make more cuts with decision on budget shortfall looming

Chicago Public Schools leadership is still working to close an approximately $734 million budget gap as CPS students prepare ...

Chalkbeat on MSN1d

CPS budget proposal won’t include city pension reimbursement to avoid more school cuts, sources say

Sign up for Chalkbeat Chicago’s free daily newsletter to keep up with the latest news on Chicago Public Schools. Interim ...

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