Cps Budget

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

Posted 10.06.2011

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

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

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

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

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

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

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

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

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

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

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...