Chicago City Council questions CPS CEO on budget crisis, tensions …

Oct 17, 2024 · Chicago City Council questions CPS CEO on budget crisis, tensions with Mayor Johnson. There was a heated hearing at City Hall on Wednesday as council members …

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Tension Over Chicago Public Schools’ Budget Spills To City Council

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Sep 7, 2024 · Ongoing tension over Chicago Public Schools’ $9.9 billion budget spilled into a new arena Thursday, with plans swirling in the City Council’s Budget Committee to grill district …

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City Council's Budget Committee Chair To Summon CPS CEO …

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Sep 4, 2024 · Ald. Jason Ervin (28th) called it borderline “malfeasance” for Schools CEO Pedro Martinez to push through a $9.9 billion school budget that does not include the pension …

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City Council Meetings Address Contentious Topics, Including Mayor ...

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Oct 9, 2024 · Mayor Brandon Johnson's announcement on new measures to close Chicago's nearly $1 billion budget deficit, which could include layoffs, is one of the contentious topics …

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City's Record $300 Million Proposal For CPS Budget Deficit Would …

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Oct 30, 2024 · Instead, in the city budget proposal Johnson unveiled Wednesday, the mayor declared a still-unprecedented $570 million TIF surplus, giving CPS around $300 million, plus …

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Pedro Martinez Pitches New Plan For Solving CPS Budget Woes

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Oct 9, 2024 · Chicago Public Schools CEO Pedro Martinez told Crain's today he's presenting a plan to the City Council to sweep nearly $1 billion from the city's tax increment financing …

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FAQs about Chicago City Council questions CPS CEO on budget crisis, tensions … Coupon?

What's going on with Chicago Public Schools' budget dispute?

Chicago Public Schools’ highly contested budget dispute landed on the floor of the City Council in a marathon hearing Wednesday where alderpersons questioned schools CEO Pedro Martinez over the district’s budget shortfall and how he intends to secure more funding. ...

Are Chicago Public Schools facing a budget shortfall?

Updated: Oct 17, 2024 / 12:53 PM CDT CHICAGO — The budget shortfall faced by Chicago Public Schools took center-stage during a heated City Council Education Committee meeting Wednesday at City Hall, but no school board members — outgoing or incoming — were on-hand to address it. ...

What's missing from Chicago Public Schools' budget?

PUBLISHED: September 6, 2024 at 5:43 p.m. Ongoing tension over Chicago Public Schools’ $9.9 billion budget spilled into a new arena Thursday, with plans swirling in the City Council’s Budget Committee to grill district leaders on a $175 million pension payment that’s missing from the district’s spending plan. ...

Will CPS close a school if the financial picture worsens?

CPS has a current shortfall exceeding $500 million. Alders like Byron Sigcho-Lopez (25th Ward) fear there’s potential for public school closures if the financial picture worsens. Executives with the Acero charter schools network recently announced the closure of seven of their campuses. ...

Does CPS have a balanced budget?

By law, the district is required to have a balanced budget, with operating revenue matching expenses. In an emailed statement, CPS noted the district cut about $500 million in costs over the past year to propose a balanced budget “that aims to best support our students and staff, building on the District’s academic progress.” ...

Why did Chicago City Council members resign?

A majority of City Council members said the resignations of all seven school board members is “unprecedented and brings further instability to our school district.” A majority of City Council members voiced “deep concern” with the resignation of the entire Chicago Board of Education on Friday. ...