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Cps Budget

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 Budget Approved Unanimously Despite Protests

Reuters | Posted 10.29.2013 | Chicago

CHICAGO, Aug 28 (Reuters) - The Chicago Board of Education on Wednesday unanimously approved a $6.6 billion fiscal 2014 budget for the Chicago Publi...

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...

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...

Teachers Union Protests CPS' Massive Layoffs, Budget Cuts

Posted 07.24.2013 | Chicago

Throughout Wednesday, the Chicago Teachers Union is protesting the Chicago Public School district's decision to lay off thousands of employees and ena...

What's in Illinois' income tax future?

Matthew Dietrich | Posted 09.22.2013 | Chicago
Matthew Dietrich

TAX TALK Illinois lawmakers face some tough choices about our state income tax. In 2011, they raised the income tax from 3 to 5 percent for four years...

CPS To Axe 2,100 Employees, At Least 1,000 Of Them Teachers

Posted 07.19.2013 | Chicago

The Chicago Public School district is slashing more than 2,100 employees, nearly 1,000 of them teachers, in the largest layoff of district employees i...

CPS Lays Off 850 Teachers And Staffers

Posted 06.14.2013 | Chicago

The worst fears of Chicago Public School teachers and staffers were confirmed Friday when district officials announced it was laying off some 850 empl...

CPS Releases Plan To Fund First Year Of New Teacher Contract

Reuters | Posted 12.05.2012 | Chicago

CHICAGO, Oct 5 (Reuters) - The Chicago Public Schools would rely mainly on one-time measures to cover the $103 million, first-year cost of a new tea...

Good Organizing Was Key to CTU Victories

Barbara Popovic | Posted 11.22.2012 | Chicago
Barbara Popovic

If you were following the CTU strike, you might have been dismayed by the union's failure to suspend the strike last Sunday night. We have an inside perspective from UIC Professor Steven Ashby, who helped organize the contract campaign.

Teachers, Advocates Boo New CPS Budget At Public Hearing

Posted 07.12.2012 | Chicago

Teachers and community school activists did not respond well to the 2012-13 Chicago Public Schools budget proposal outlined at a public hearing Wednes...

CPS Budget Raises Taxes, Makes Deep Cuts, But Where's The Longer Day?

Posted 10.06.2011 | Chicago

Chicagoans have heard it from Mayor Rahm Emanuel so often, it's become a mantra. By the time they've graduated from high school, students in Houston h...

BEYOND BROKE: CPS Could Levy Big Property Tax Hike

Posted 08.31.2011 | Chicago

It's no secret: the Chicago Public Schools, like nearly every other governmental agency in the state of Illinois, is in a deep, deep hole. In fact,...

Schools CFO Resigns Amid Massive Budget Shortfall

Posted 07.18.2011 | Chicago

The chief financial officer of the Chicago Public Schools has resigned, leaving the district without a CFO in a time of deep financial peril. Diana...

New CPS Budget: Layoffs, Furloughs, And 33 Kids Per Class

Chicago Sun-Times | Posted 05.25.2011 | Chicago

About 1,200 city school workers will receive layoff notices this week, and principals will begin sharing the budget pain via pay freezes and six furlo...

Ron Huberman, Chicago Public Schools CEO, Buys $898K North Side Home

Posted 05.25.2011 | Chicago

Due to a budget shortfall in the city and state, Chicago Public School students and teachers have been forced to make significant sacrifices. Teachers...

Teachers' Union Worries About Fire Code With Class Size Increase

Chicago Sun-Times | Posted 05.25.2011 | Chicago

Plans to save money by raising Chicago class sizes to 35 students could violate fire codes established after the deadly 1958 Our Lady of Angels School...

FED UP: Teachers, Students Take To The Streets To Protest Budget Cuts As Execs Take Raises

Posted 05.25.2011 | Chicago

The fate of many state programs now lies in the hands of Governor Pat Quinn. After threatening to chop $1.3 billion from the education budget if a tax...

Whose Fault is the CPS Budget Crisis?

Paras Bhayani | Posted 05.25.2011 | Chicago
Paras Bhayani

If the federal government provided a higher social security payout funded by higher payroll taxes, CPS could actually devote attention to its work rather than worrying about how to pay for its retirees' pensions.

Cash-Strapped Chicago Schools Give Six-Figure Deal To Wife Of Ex-Board Chief

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

At a time when Chicago Public Schools are pleading extreme poverty, CPS has found the money to give a six-figure consulting deal to the wife of the fo...

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...

Chicago Board Of Education Approves Record Budget

Chi Town Daily News | Paul D. Bowker | Posted 05.25.2011 | Chicago

The Chicago Board of Education approved a record $6.2 billion budget yesterday while holding the line on property taxes for the first time since 1999...