08/09/2010 04:41 pm ET Updated May 25, 2011

New Chicago Public Schools Budget: Layoffs, Furlough Days, And Larger Class Sizes To Make Ends Meet

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 furlough days, as Chicago Public Schools officials move today to plug their remaining $370 million deficit.

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