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Cps Budget Deficit

Rahm Defends $24 Million In CPS School Upgrades Amid Pension Crisis

Posted 09.18.2013 | Chicago

Despite a staggering state and city deficit and ongoing pension crisis, Chicago Mayor Rahm Emanuel is defending his recently-revealed plan to spend $2...

CPS Finances Still A Disaster Despite School Closings, Layoffs

Reuters | Posted 10.22.2013 | Chicago

CHICAGO, Aug 22 (Reuters) - The $6.6 billion proposed fiscal 2014 budget for the Chicago Public Schools is unsustainable and the district's fiscal h...

More patronage outrage from Metra scandal

Matthew Dietrich | Posted 09.25.2013 | Chicago
Matthew Dietrich

METRA OUTRAGE CONTINUES It turns out that the Metra employee for whom House Speaker Michael Madigan was trying to obtain a raise was already collectin...

Income tax debate takes center stage

Matthew Dietrich | Posted 09.24.2013 | Chicago
Matthew Dietrich

SPOTLIGHT ON INCOME TAX Jan. 1, 2015, is D-Day for Illinois' income tax. That's when most of the 2011 temporary income tax increase expires, dropping ...

CPS Budget Outlook Not Good Despite Cuts, School Closings

Reuters | Posted 09.24.2013 | Chicago

By Brendan O'Brien July 24 (Reuters) - Chicago's public schools on Wednesday forecast a record $1 billion fiscal 2014 budget deficit d...

Rahm: Pension Crisis To Blame For 2,000 CPS Layoffs

Posted 07.22.2013 | Chicago

In Sunday remarks, Mayor Rahm Emanuel again defended the just-announced laying off of more than 2,100 Chicago Public Schools employees, almost 1,000 o...

Elite High School May Charge Students $500 To Take 7th Period

Posted 06.20.2013 | Chicago

In the past, some Chicago students have been paid to earn good grades and study hard, but the tables may turn for students at one of the city's most e...

CPS Students Protest School Closings As Fears Over Violence Grow

Posted 03.25.2013 | Chicago

Just days after the Chicago Public School district revealed its list of 54 school closings — plus six turnaround schools and 11 consolidations — s...

Chicago Board Of Education Approves Property Tax Hike To Offset New Costs

Posted 10.25.2011 | Chicago

Update: The Chicago Teacher's Union rejected Schools chief Jean Claude Brizard's proposal to give teachers a 2 percent raise in exchange for working a...

BEYOND BROKE: CPS Could Cut School Cops To Save Money

Posted 09.04.2011 | Chicago

(Updated 7/6/2011 at 2:20 p.m. CST) For the last three years, two uniformed Chicago police officers have been stationed at each of the city's rough...

Property Taxes Likely Rising As Schools Face $500 Million Budget Hole

Crain's Chicago Business | Greg Hinz | Posted 05.25.2011 | Chicago

Despite receiving a huge influx of federal economic-stimulus cash, Chicago Public Schools faces a nearly half-billion-dollar budget hole, and state ta...