Press Detail

CPS issues $5.8 billion preliminary budget

Posted on July 03, 2014

Chicago Tribune

This article covers Chicago Public Schools’ July 2 budget announcement, which includes a plan to count 30 days of FY2016 revenue toward the FY2015 budget to help fill a projected FY2015 deficit nearing $1 billion. The Civic Federation said this one-time revenue adjustment will do nothing to improve the District’s long-term finances, but also recognized that the District’s options are limited without pension reform.