Huffpost Chicago

CPS Projects $700M Budget Deficit

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RAHM BRIZARD
NBC Chicago

Chicago Public Schools once again faces big budget woes -- this time a projected $700 million shortfall in 2013.

The board met Wednesday morning to discuss the staggering deficit, which includes a projected $1 billion shortfall by 2014. School officials will lay out the cause of the dire financial situation as negotiations continue with the Chicago Teachers Union.

Read the whole story at NBC Chicago