Press Detail

CPS finances will be worse next year

Posted on August 26, 2013

WGN

In this segment, Civic Federation President Laurence Msall discusses the findings of the Federation’s FY2014 Chicago Public Schools Budget Analysis. The Civic Federation said relying on reserve funds to balance the budget is an unsustainable practice the District won’t be able to repeat next year, when it will face a $1 billion budget deficit absent pension reform.