Press Detail

CPS finds money to plug $800 million hole in 2015 budget

Posted on July 03, 2014

Chicago Sun-Times

This article discusses the budget plan announced by Chicago Public Schools July 2 that includes extending the period in which the District will collect property tax revenue by an additional 30 days to August. The Civic Federation said it is a risky one-time fix that relies on Cook County issuing property tax bills on-time, and does nothing to help the District face next year’s projected $1 billion deficit.