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Budget surplus good news for CPS, but district ‘not out of the woods’

Posted on January 25, 2019

Chicago Sun-Times

This article discussed Chicago Public Schools' $324 million surplus for fiscal year 2018, its first budget surplus in three years. Civic Federation President Laurence Msall said that the surplus is a positive sign and a result of the work CPS and Mayor Rahm Emanuel have done to secure additional aid from the State of Illinois. However, Mr. Msall cautioned that one year does not necessarily translate into a trend and CPS still has significant work to do on its finances.